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The Sukari mine is Egypt's first modern gold mine. Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location. [1] Today. Sukari is a combination of an open-pit mine mine and an underground mine. [2] The site is supplied by a 30km-long pipeline bringing water from ...
Most gold mines in Egypt today were exploited for high-grade gold (15 g/t gold or greater) by the ancient Egyptians; [8] however, there has been limited exploration that applies modern day techniques where deposits can be viable based on gold grades as low as 0.5 g/t (provided there is sufficient tonnage and readily available infrastructure).
English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
A sell limit order is not executed unless the price is above a preset value. A buy limit order is not executed unless the price is below a preset value. The lead participant will begin the fixing process by proposing a price near the current gold spot price. The participants then simulate the result of trading at that price.
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an ...
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The HUI-gold ratio is an expression which compares the relative quantities of the NYSE Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the NYSE Gold BUGS Index by the price of gold. [5] Investors use the HUI-gold ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold. [6]