Urgent The decline in the price of the dollar limits the rise of gold in Egypt
Gold global rose to the highest level in two weeks today, with investors heading towards a safe haven in light of the concerns related to the American government debt, in addition to the weak demand for American treasury bonds for 20 years, which indicates a decrease in demand for American assets. The level is $ 3345 an ounce, as today’s trading opened at the level of 3319 dollars an ounce and is currently trading at the level of 3312 dollars an ounce. This comes after gold rose to three consecutive sessions with the support of the increasing demand for safe haven since the beginning of this week, in addition to the decline in the dollar levels to the lowest level in two weeks against a basket of major currencies, according to Gold Pelion. Its approval at a later time. Gold prices rise this year, & nbsp; On the other hand, the US Treasury has witnessed a weak demand for selling bonds worth 16 billion dollars for 20 years, which causes weakening the levels of the US dollar and stock markets in Walt Street as well, as traders continue to be concerned after Moodyz reduced the US credit rating last weekend. To the rise and compensation for a large part of its previous losses. The United States. It is expected that this year will continue at high levels near the highest historical level at 3500 dollars per ounce. By 30 tons of gold, as the boxes in the United States recorded the exit of 19.8 tons, followed by the Asian funds by 5.3 tons. The 21 -caliber is the most common trading today, Thursday, at the level of 4670 dollars for the ounce, to trade the time of writing the report at the level of 4650 dollars per ounce, after yesterday increased by 20 pounds to close at the level of 4655 pounds per gram and it opened yesterday’s trading at the level of 4635 pounds per gram. Directly local. While we note that the recent decline in the exchange rate of the dollar against the pound in banks has contributed to reducing the gains of local gold, because the weak exchange rate contributes to the weakness of the local gold pricing process, according to Gold Pelion. American debt and the decline in demand for US government bonds. To decline from this level with the momentum remaining the emerging trend in the short term.
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