The stamp of gold this day in the instant night time trades

The stamp of gold this day witnessed the instant trading in the native 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 focused on 5,000 kilos with the persisted global rise.

Abdel -Al Salima, Vice -President of the Gold Division, acknowledged that the peculiar heights recorded by the yellow steel globally in latest weeks replicate the notify of anticipation in the markets of the US Federal Monetary institution’s decision on passion charges, noting that gold has benefited strongly from expectations by reducing passion due to this of this relate affect on the decline in the return on authorities bonds and the weak point of the buck.

Salima defined that the worldwide gold costs rose for the fourth week in a row, to epic the stamp of the ounce historically at 3674 greenbacks, an develop of 1.6% for the duration of the previous week, after trading opened at 3591 greenbacks, and closed at 3643 greenbacks an ounce, and added that the dear steel jumped for the reason that beginning of 2025 by about 40%, in belief to be one of the most largest historical rise waves.

Gold costs this day

24: 5600 kilos per gram

21: 4900 kilos per gram

18: 4200 kilos per gram

Gold pound: 39,200 kilos

The stamp of an ounce of the worldwide gold elevated for the duration of the previous week by 1.6% to epic the excellent historical level at 3674 greenbacks an ounce, after the week’s trading became once opened at 3591 greenbacks an ounce to shut the session glorious week at 3643 greenbacks an ounce, per the technical prognosis of Pelion’s leather.

Gold has elevated for four consecutive weeks to epic an develop of 40% for the reason that beginning of 2025, after the rising count on for gold in gentle of expectations that the US Federal Reserve is on its technique to reducing passion charges at its subsequent meeting.

Gold achieves a huge abet from reducing American passion, as it reduces the stamp of an different opportunity for gold, for the reason that decline in the return on authorities bonds and the decline in count on for the buck is reflected positively on gold that doesn’t present a return to its holders.