Gold prices recorded a slight increase of 2 pounds at the close of trading today, on most gold bullets.
For his part, Amir Rizk, an expert in the gold markets, said in exclusive statements to Al-Ousboa that gold prices have not witnessed a significant change during the past days, as prices range from a slight increase to a slight decrease.
Rizk indicated that the gold market in Egypt is awaiting and anticipating the decision of the US Federal Bank in the coming days, which is likely to adopt a fifty-point interest rate hike, due to the rate of inflation in the United States of America, and it is known that the yellow metal market in Egypt is closely linked to the decisions of the Federal Bank. Therefore, gold prices are expected to decrease in the coming days.
The expert in the gold markets gave advice to all those wishing to buy gold in the coming days, which is to wait a bit because prices will witness a future decline that exceeds the current declines in prices.
The week monitored the latest gold price update at the close of today’s trading
24 karat
24 karat recorded about 1931 pounds for sale and about 1920 pounds for buying
21 caliber
21 karat recorded about 1690 pounds for sale and about 1680 pounds for buying
18 karat
18 karat recorded about 1448 pounds for sale and about 1440 pounds for purchase
The price of the gold pound
The price of a gold pound was about 13,520 pounds of 21 carat
The price of an ounce globally
The global price of an ounce amounted to about 1837 dollars
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