Today, Monday, gold prices are seeing an increase of around £7, only to record one gram of 21-karat gold, which is the top seller in the Egyptian market, climbing to the £1300 per gram level for the first time. time in history, and the following are the details of the gold price movement.
Gold prices today:
18 karat registered 1114 pounds.
21 carat registered 1300 pounds.
24 carats, a record 1486 lbs.
The gold pound is £10,400.
Gold is globally affected by many events that directly reflect on prices, both in the form of rises and falls, and the global gold market looks forward to a series of events this week that could be a major player in making prices go up or down, which we examine in the context of the following lines.
Gold looks forward to 10 major international events this week, starting today, Monday, November 21, 2022. Markets will be on date with Germany’s announcement of producer price index report and coming Tuesday 11-22-2022, Core Retail Sales report will be announced, except for autos in Canada.
And comes Wednesday 23-11-2022 to bring with it the announcement of a number of reports and indicators, as the interest rate decision will be announced in New Zealand, then the Industrial Purchasing Managers Index in both Germany and the Eurozone , and America will release the building permits report, then the jobless claims, and finally the oil inventories report.
By Thursday 11-24-2022, Turkey will announce the interest rate decision and by the end of the week, Friday 11-25-2022, Germany will announce the GDP index.
As for the local gold market, for the first time in the history of the gold price in the Egyptian market, gold prices today rose to the level of 1292 pounds per gram, bringing one gram of gold close to £1300 for the first time in history due to supply and demand factors as well as the price of the dollar.
