Witness price of gold In Egypt, notable stability in morning trading, settling at 1,750 pounds per gram21 caliber– It is Egypt’s top seller – while global gold price witnesses levels of $1836 an ounce in spot gold trade.
Gold prices today:
18 carats, a record £1,500.
21, record 1750 lbs.
24 carats, record £2,000.
The gold pound is £14,000.
Global Gold Prices
Gold prices fell about 1% yesterday to $1833 an ounce on pressure from US data that showed strength in the labor market, which reinforces expectations of higher interest rates for a longer period.
Prices fell to levels of $1,824 an ounce, before trimming losses after US Federal Reserve statements on easing inflation in 2023.
U.S. jobs data showed Americans filing new jobless claims fell to a three-month low last week, while layoffs fell 43% in December.
The US economic outlook presented by Federal Reserve staff at a meeting last month indicated that the battle for lower rates could continue for longer than expected.
The strong dollar contributed to more pressure on gold prices after the dollar index climbed to its highest level in 3 weeks by the end of the session yesterday, pending private sector jobs data not agriculture issued Friday by the U.S. Department of Labor.
