The Chinese consumer price index “inflation” decides the fate of the gold movement today, Friday, July 9, 2021, at the conclusion of this week’s sessions, after a clear fluctuation in prices in global trading, as the price continued to move in a price channel ranging from 1790 to 1810 dollars throughout the trading sessions.
The British GDP is scheduled to be announced on a monthly basis, and it is one of the economic indicators that contribute to drawing the movement of gold prices in global trading, as positive economic indicators cause the metal prices to fall, and in the event that the data is negative, the demand for gold will rise.
Today, Friday, July 9, 2021, the markets are awaiting the announcement of the change in employment and the unemployment rate in Canada and finally the G-20 meetings, and all events affect the course of gold trading
The price of gold in Egypt has moved during the past four days in a price range that ranged between 780 to 790 pounds per gram of 21 karat, which is the best-selling in Egypt.
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