Today, Tuesday, the price of gold achieved gains of about $ 13 an ounce in the evening trading on the New York Stock Exchange for precious metals.
And the price of gold rose inside the stock exchange, to surpass the barrier of $1830 an ounce, starting from the level of $1817 towards the upward trend.
Gold today in Egypt
And about gold prices today in Egypt, Amir Rizk, an expert in gold artifacts, indicated that the metal was not affected locally by that increase in the global price of gold, especially with the stability of the dollar price in Egypt, with the continuation of the gradual slow process in the buying and selling movements within the Egyptian goldsmith.
gold prices
Amir revealed, during his statements today to “The Week”, about gold prices as follows:
24 karat gold price
– The price of 24 karat gold at 1908 pounds, down 6 pounds from the morning price at 1814 pounds.
18 karat gold
– The price of 18 karat gold at 1431 pounds, down 5 pounds from the morning price at 1436 pounds.
21 karat gold
– The price of 21 carat gold is at 1670 pounds, down 5 pounds from the morning price at 1675 pounds.
The price of a pound of gold
– The price of the gold pound today in Egypt is at 13,360 pounds, down 40 pounds from the morning price at 13,400 pounds.
The intraday gold price grew within the stock exchange, despite the expectations of experts at the German Commerzbank, that the yellow metal would approach the $1,800 levels in the short term.
Gold extended its downward trend today towards $1,800 an ounce, the lowest level since December 2022, after hotter-than-expected economic data fueled concerns about the central bank’s hawkish policies.
And in a speech delivered to a Harvard economics class by Philip Jefferson, the Fed’s governor, he defended the central bank’s 2% inflation target, warning that changing it could destabilize inflation expectations.
Financial markets are now pricing in at least three more rate hikes of 25 basis points this year and see rates peaking at 5.5% by June.
The precious metal fell more than 6% in February, on track for its biggest monthly decline since June 2021.
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