Gold prices fell on Tuesday, in the middle of trading, with great values, following the issuance of Ukrainian statements that the Russian escalation against Ukraine had stopped.
A video clip of the Russian forces leaving the Ukrainian border was released, which caused the decline of gold and oil after those positive statements that end the specter of the looming war.
The price of gold fell globally after these statements by more than US$ 16 in spot trading, a decline of 0.88 percent, and it was traded at US$ 1854.45 per an ounce, and the index is still heading down.
Gold prices in Egypt in the middle of trading Tuesday:
The price of gold fell in the middle of Tuesday’s trading in Egypt.
Values from LE 5 to LE 7 pounds and expected to further decline in response to the decline in gold prices globally, despite the decline of the dollar index by 0.35 percent.
The price of a gram of 24 karat gold in Egypt in the middle of Tuesday’s trading:
The price of 24-carat gold, in Egypt, this afternoon, was between LE 927 and LE 928 per gram, and in the morning it was LE 934 per gram.
The price of a gram of 21 karat gold in Egypt in the middle of Tuesday’s trading:
The price of 21 carat gold in Egypt, this afternoon, was between LE 811 and LE 812 per gram, and in the morning it was LE 817 per gram.
The price of a gram of 18 karat gold in Egypt in the middle of Tuesday’s trading:
The price of 18 karat gold per gram was between LE 695 and LE 696, and in the morning it was LE 700 per gram.
The price of the gold coin in Egypt in the middle of Tuesday’s trading:
The price of the gold coin in Egypt on Tuesday recorded between LE 6488 and LE 6469, and in the morning it was LE 6536.
Prices without workmanship:
The gold division in Egypt announces gram prices without workmanship, which range between 7 percent and 10 percent.
Depending on the type of karat, and the workmanship varies from one governorate to another and from one store to another.
Gold prices globally in the middle of Tuesday’s trading:
The global price of gold fell in spot transactions on the New York Stock Exchange, in the middle of Tuesday’s trading, by 0.88 percent, and was trading at US$ 1854.45 per an ounce.
A decrease of US$ 16 from the prices of the beginning of trading Tuesday, while gold prices in futures contracts fell 0.81 percent and were trading at US$ 1856.12 an ounce.
The reasons for the decline in gold prices globally and locally:
Gold prices were affected globally and locally and achieved a resounding fall, after achieving their highest rise in three months due to Russia’s retreat from the decision to war on Ukraine.
The withdrawal of its forces from the border, as this appeared in a video clip, which restores the markets to reassurance after backing off from the specter of war.
The yellow metal is affected by the decisions of the US Federal Reserve decision to raise interest rates in March by 50 points in one go.
