Gold price movement on the global stock exchange is still seeing several clear changes in the past few hours, including a clear expectation for the results of the upcoming US Federal Reserve meetings today, Wednesday, which will have a direct impact on gold prices globally and in Egypt.
Hisham El-Leithy, market analyst at Sam precious metalsThe global price of gold moved as low as $1820 an ounce in spot trading after US data revealed that the inflation rate in America slowed year-on-year during last November, registering 7.1 % compared to 7.7% the previous October , which was reflected in gold.
He added, in exclusive statements, that gold prices rose about 2% at the close of trading yesterday, Tuesday, to the highest levels for gold in more than five months, after US data showed a lower-than-expected rise in US consumer prices, which bolstered expectations of a Federal Reserve easing pace. Raising interest rates, which supported gold as well as silver
The price of gold today, Wednesday 14 December 2022
We publish the gold price today, Wednesday 14 December 2022 in Egypt for all gold bullets circulating in the Egyptian market, as one gram of 21-karat gold, which is the best-selling in Egypt, registers £1650 per gram.
Gold prices today
18 karat registered 1414 pounds.
21, record 1650 lbs.
And 24 carats registered 1886 pounds.
And the gold pound is £13,200.
The consumer constantly awaits the movement of gold in Egypt and monitors the price of the yellow metal on the global stock exchange, as well as all developments in the global gold stock market. The gold market is awaiting several developments this week, the most notably the announcement of US interest next Wednesday, which will have obvious effects on the movement of gold and the volume of demand for the precious metal on the global stock exchange.
He pointed out that precious metals, led by gold and silver, are surging strongly on support to buy them as a safe-haven asset, and also due to expectations of a possible slowdown in interest rate hikes at today’s Federal Reserve meeting on Wednesday .
And Al-Laithi continued, that gold benefited greatly from a notable decline in the dollar index of more than 1% to the US currency’s lowest level since last June, and this makes gold less expensive for investors. holders of other currencies, noting that the sharp decline in the yield on the US 10-year standard bond helped buoy gold.
He explained that the announcement of the results of the interest rate decision by the Federal Reserve and US crude inventories will have a direct impact on the movement of gold globally this week, as we could see more movements in gold in the coming hours.
