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Gold prices in Egypt today, Tuesday 25 -5-2021


Gold prices recorded today in Egypt, Tuesday, May 25, 2021, stabilizing at 808 pounds per gram of 21 carat, which is the best-selling in Egypt, with expectations of a possible movement of prices in the coming hours within the limits of only two pounds in light of global indicators of the high price of an ounce of gold.

 

The stability of gold prices today in Egypt came with the continued registration of an ounce of gold worldwide, the price of 1883 dollars at the time of drafting this report, which is the same level as the opening of gold trading at the beginning of trading yesterday, Monday.


Gold prices today in Egypt:

18 caliber recorded 693 pounds.

 

Caliber 21 recorded 808 pounds.

 

Caliber 24 recorded 924 pounds.

 

The gold pound is 6464 pounds.

 

An ounce of gold is $ 1883.

 

 

Gold trading witnessed fluctuations to the upside during the past week, especially after the Fed’s meeting minutes showed that some members see that it is time to "think" about adjusting monetary policy, as the precious metal continued to rise and trade above the levels of the daily moving averages.

 

Gold may continue its trend to rise this week and may target levels of $ 1,900, breaching the $ 1900 level to the upside may be a reason to push the precious metal to the resistance level at $ 1911 before targeting the $ 1960 area, which represents the highest levels since the end of 2020.

 

On the other hand, failure to breach the $ 1,900 level could push prices back down and trade in the range between $ 1875 and $ 1890, the key support level to watch is $ 1,850.

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