Gold prices today in Egypt recorded a rise at levels of 812 pounds per gram, after a clear fluctuation and the rise and fall of prices more than once in today’s trading, to fall to levels of 808 pounds, and then rose at the time of drafting the report to 812 pounds per gram, with the continued movement of gold in spot transactions.
And a gram of 18 karat gold recorded about 696 pounds per gram, and 24 karat reached a price of 928 pounds per gram, while the gold pound recorded a price of 6496 pounds, and an ounce of gold was 1895 dollars, “a spot price that changes all the time.
Today, Tuesday, June 8, the precious metals market is awaiting the announcement of the revised reading of the GDP in the euro area, the Canadian trade balance, the trade balance in the United States, job vacancies and the labor turnover rate in the United States.
Gold saw big volatility last week thanks to sharp moves in the US dollar, as the yellow metal rose on Friday as the dollar fell in light of the US non-farm payroll data that came in below expectations.
The precious metal is currently trading above last week's low with stability, and if it manages to stay above the simple moving averages, the bullish trend is likely to continue, and if the psychological level of 1,900 is exceeded, the six-month high at $1,916 an ounce can be retested.
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