عربي Tag 'gold price'
Weekly Gold Analysis - Third Week of May 2024
May 27, 2024
Gold Takes a Breather in Week 3 of May 2024
Global gold prices dropped by $80, settling at $2,334.2 per ounce, influenced by the Fed's concerns about prolonged inflation. India boosted its gold purchases, contrasting with Western investors selling gold ETFs. Local 21-carat gold prices fell to 3,140 EGP/gram.
Gold glistens with promise in 2024! Prices poised to climb, with analysts charting a path to $2133 and beyond. Egyptian 21-Karat primed to settle over 3000 L.E. Dive in for the full golden forecast.
Gold prices surged to $2,135 per ounce on December 4, 2023, before settling around $2,060, driven by a weakening U.S. dollar and expectations of lower interest rates from the Federal Reserve in 2024.