Gold prices are seeing a move towards the £1,700 per 21-carat level in evening trading today, Tuesday 13 December 2022, which is Egypt’s best-selling. Below is a summary of gold prices now , at the conclusion of today’s trading.
Gold prices today
18 carats registered 1457 pounds
21 carat registered 1700 pounds
And 24 carats registered 1947 pounds
The gold pound is £13,600.
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.
The global price of gold has moved in a price channel between $1775 and $1820 an ounce during this week’s sessions as precious metals markets anticipate the results of the US Federal Reserve meeting amidst expectations that the Fed will ease the pace of monetary tightening by raising interest rates by about 50 basis points.
This week, the US market is awaiting the announcement of the results of the Federal Reserve’s interest rate decision on Wednesday, December 14, 2022, as well as US crude inventories, which will directly impact gold’s movement global this week . Thursday, December 15 is expected to announce euro area industrial production, Chinese industrial production, the Bank of England’s interest decision, as well as the European Central Bank’s interest decision and US aid requests, and is expected to to announce UK Retail Sales, Germany PMI, UK PMI and Eurozone Consumer Prices on Friday 16 December 2022.
