The price of gold lately within the rapid evening trades

The price of gold lately witnessed the rapid trading within the local and global markets, amid the survival of gold excessive above 3630 greenbacks per ounce, and in Egypt the 21 -carat gold is trading around 4900 and targeting 5,000 kilos with the ongoing global upward push.

Abdel -Al Salima, Vice -President of the Gold Division, said that the strange heights recorded by the yellow steel globally in most contemporary weeks mediate the notify of anticipation within the markets of the US Federal Financial institution’s option on passion charges, noting that gold has benefited strongly from expectations by lowering passion thanks to this direct impact on the decline within the return on authorities bonds and the weak point of the dollar.

Salima explained that the worldwide gold prices rose for the fourth week in a row, to legend the payment of the ounce historically at 3674 greenbacks, an amplify of 1.6% true thru the previous week, after trading opened at 3591 greenbacks, and closed at 3643 greenbacks an ounce, and added that the vital steel jumped since the beginning of 2025 by about 40%, in one among the supreme historical upward push waves.

Gold prices lately

24: 5600 kilos per gram

21: 4900 kilos per gram

18: 4200 kilos per gram

Gold pound: 39,200 kilos

The price of an ounce of the worldwide gold elevated true thru the previous week by 1.6% to legend the best historical stage at 3674 greenbacks an ounce, after the week’s trading used to be opened at 3591 greenbacks an ounce to end the session final week at 3643 greenbacks an ounce, in step with the technical prognosis of Pelion’s leather-based fully.

Gold has elevated for four consecutive weeks to legend an amplify of 40% since the beginning of 2025, after the rising ask for gold in light of expectations that the US Federal Reserve is on its manner to lowering passion charges at its next assembly.

Gold achieves a wide have faith the advantage of lowering American passion, because it reduces the price of an change opportunity for gold, because the decline within the return on authorities bonds and the decline in ask for the dollar is mirrored positively on gold that would now not provide a return to its holders.