Gold prices continued to decline in local markets, with an ounce falling on the global stock exchange, affected by the rise in the dollar and US Treasury bond yields ahead of the release of US non-farm payrolls data.
Lotfi Munib, Vice Chairman of the Board of Directors of the Gold and Jewelery Division of the Federation of Chambers of Commerce, said that gold prices fell by 0.5% to record an ounce of 1756 dollars, and a gram of 21 karat gold recorded the level of 771 pounds.
Munib added to “Al Borsa” that a gram of 24 karat gold recorded 881 pounds, and 18 karat recorded 661 pounds, and the price of the gold pound reached 6168 pounds.
He expected the continuation of the wave of price fluctuations for gold in the local and global markets, with the presence of uncertainty in determining the US monetary policy.
The article: Gold prices in Egypt continue to decline, and 21 karat records 771 pounds, which was written in Al Borsa newspaper.