Gold prices in Egypt continued to stabilize during trading today, Tuesday, January 4, as 21 karat scored about 792 pounds, and 18 karat about 679 pounds, while 24 karat scored about 905 pounds, and the gold pound recorded about 6336 pounds.
And the agency “Bloomberg”, which specializes in economic affairs, confirmed that the international prices of gold remained almost unchanged during the week.
And “Bloomberg” indicated that global gold prices fell by 0.03% to settle at $1,782.84 an ounce, noting that gold continued to decline for the fourth consecutive week.
And “Bloomberg” agency confirmed that the US dollar index ended the week with a slight change (-0.02%), and managed to close above the 96 level.
The US dollar rose yesterday, Monday, as concerns about the novel coronavirus subsided, as it prompted market participants to trade on expectations that the Federal Reserve would tighten monetary policy faster than previously expected.
However, the index lost these gains last Wednesday due to the index’s move towards a downward correction, as investor sentiment improved slightly after Pfizer’s news about the effectiveness of the vaccine against the new mutation.
The US dollar rose, last Thursday, as the re-imposition of prudential restrictions in several parts of the world, including the United Kingdom, which decided to move to Plan B, affected investors’ appetite for riskier currencies.
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