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Gold prices are falling 6 pounds, and 21 karat is recorded at 776 pounds per gram

Gold prices retreated in today's trading Friday, February 26, 2021, at a value of 6 pounds, and the 21-carat gold - which is the best selling in Egypt - scored 776 pounds per gram, with the global price of an ounce of gold continuing to drop significantly to $ 1760, which is the lowest price for the precious metal in the world since 4 Almost months.


Gold prices today

Caliber 21 records 776 pounds

Caliber 18 records 665 pounds

Caliber 24 records 886 pounds

The gold pound records 6208 pounds

An ounce of gold is $ 1760


European stocks also fell as rising bond yields and US market volatility overshadowed optimism about the recovery of the Eurozone economy, while weak results from Standard Chartered and Anheuser-Bush cast a shadow.


The pan-European STOXX 600 index fell 0.4 percent after a rise of 0.5 percent, as major equity sectors were negatively affected by a jump in Eurozone bond yields and the United States, due to expectations of higher inflation rates.


Economic confidence in the euro zone increased more than expected in February, supported by a state of optimism in the manufacturing and services sectors and among consumers, which boosted inflation expectations that fueled bond yields in recent weeks.


Analysts at Rapoo Bank said, "The concern about renewed inflation has strengthened, as a sign of the sharp and steady rise in US Treasury yields and the emerging popularity of inflation hedging tools such as commodities."

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