Gold prices witnessed a slight increase in the middle of today’s trading, as 21 karat gold registered an increase of about 20 pounds over the morning trading, and all gold karats also rose, as gold suffers from a state of instability, sometimes falling, then followed by a series of rises, and several factors make the yellow metal rise. We will explain it to you, as many people want to follow the prices continuously, and know the latest update showing the price of gold in Egypt today.
Gold prices today
The markets were surprised on Tuesday that gold did not recover from its losses in yesterday’s session. This decline came with a decline in confidence among investors awaiting several important economic data expected from the United States, as well as a series of statements by Federal Reserve officials.
Although gold witnessed strong increases after the beginning of the conflict between Hamas and Israel, attracting investors towards safe havens, it witnessed a decline in its performance during this week, after the stronger than expected reading of the US inflation rate increased concerns about rising interest rates. According to the analysis of a number of experts.
With no immediate escalation in the conflict, safe haven demand has declined in the near term, while the dollar continues to hold on to its gains, and is close to its highest levels over the past 11 months.
gold price
In the middle of goldsmiths’ transactions today, Tuesday, there was a recovery in gold prices to record an increase, and with regard to global markets, the International Gold Stock Exchange witnessed an increase in the price of gold today, according to what Amir Rizk, an expert in the field of gold jewelry, revealed in his latest report on the price of gold. today.
The price of 24 karat gold today reached 2,686 pounds. The price of 21 karat gold today reached 2,350 pounds. The price of 18 karat gold today reached 2,014 pounds. The price of 14 karat gold today recorded 1,556 pounds.
The price of the gold pound
Today’s price of the gold pound rose during goldsmiths’ transactions to reach 18,800 pounds.
Gold price in dollars
While the price of gold today at the global level recorded $1,916, after it declined in trading on the International Gold Stock Exchange.
Reasons for the high price of gold in Egypt
Amir Rizk, an expert in the field of gold jewelry, stated about the rise in gold prices in Egypt, as a result of the rise in gold prices in dollars worth $60. Regarding expectations for the coming period regarding gold, he indicated that they depend greatly on the decision that will be issued by the US Federal Reserve. On the eighteenth of this October, it will take a major turn towards rising or returning to falling.
2023-10-17 14:28:00
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