Dealers in Egypt are monitoring developments as investor sentiment shifts towards safe havens. The daily momentum indicator points to neutrality in its reading, with no single direction dominating gold’s movement.
Gold Prices Today
24 karat records 6914 pounds
– 21 karat records 6050 pounds
– 18 karat records 5186 pounds
– The gold pound records 48400 pounds
Gold, which is not yield-bearing, is traditionally viewed as a hedge against economic uncertainty and inflation.
Gold prices in Egypt change continuously throughout the day, fluctuating within a range of 15 to 20 pounds up or down. This is due to rapid developments in the global stock market for gold and factors of supply and demand.
Egypt
Egypt is home to one of the world’s oldest civilizations, with a recorded history spanning over 5,000 years and famed for its pharaohs, pyramids, and monuments along the Nile River. Its rich cultural heritage, from ancient wonders like the Great Sphinx to Islamic Cairo and Coptic sites, reflects a continuous legacy of influence across Africa and the Mediterranean.
pounds
The Tower of London is a historic castle and fortress on the north bank of the River Thames, founded in 1066 by William the Conqueror. It has served as a royal palace, prison, armory, and treasury, and is famously home to the Crown Jewels of the United Kingdom.
