Gold prices recorded today in Egypt in the heat of today’s trading, a drop of about 3 pounds, and an ounce of 21-karat gold, which is the most traded, reached 1262 pounds, against 1265 pounds per gram, with declining demand in Egypt due to sharply rising gold prices, to record today’s historic gold levels.
Gold prices today
18 carats, a record 1082 pounds.
21 carats registered 1262 pounds.
24 carats, a record 1442 pounds.
The gold pound is 10096 pounds.
pink water gold prices At the end of the week’s trading, amid the dollar’s decline against most major currencies, the precious metal posted strong weekly gains and the precious metal posted its best weekly performance since at least July 2020 after signs of slowing inflation in the US States, which has reinforced speculation that the US Federal Reserve could reduce the rate of interest rate hikes
Spot gold contracts are up0.7%At 1766.26, or $1770 an ounce, after hitting their highest level since August 18 at the start of the session, and US gold contracts were up by0.9%At $1769.40 an ounce, and the yellow metal has posted gains this week of5.5%.
Consumer price inflation rose less than expected in October, falling below 8% for the first time in 8 months, and markets are now expecting a chance of 1%.71.5%That the Fed raise interest rates by about 50 basis points at its December 2022 meeting.
