Gold prices today, Monday December 12, 2022 in Egypt

We release the latest update on gold prices today in Egypt, after a drop of around £50 per gram for all bullets circulating in the goldsmiths market, with the calm pace of gold speculation, which markets have witnessed in the past days.

21, record 1650 lbs.

And 24 carats registered 1886 pounds.

And the gold pound is £13,200.

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 clear effects on the movement of gold and the volume of demand for the precious metal on the global stock exchange.

Precious metals’ Sam Gold confirmed that global gold prices have rallied slightly this week, as gold futures rose 0.5% to $1810.70 an ounce by the end of Friday’s sessions , posting marginal weekly gains of around 0.1% at the end of the weekly session. trading sessions, after US data revealed that the US producer price index rose 0.3% in November 2022 month-on-month, topping expectations by 0.2%.

He indicated that the global price of gold has moved in a price channel between $1775 and $1810 an ounce over the course of this week’s sessions, with precious metals markets anticipating the results of the US Federal Reserve meeting , amid expectations that the “Federal” will reduce the pace of monetary tightening by raising interest by about 50 points.

Regarding global gold trends and the major events that will affect the movement of gold next week, Sam Gold revealed that the announcement of the gross domestic product in Great Britain is scheduled for Monday, December 12, as well as the industrial production index and unemployment indicators, and the German market awaits the announcement of consumer prices and the ZEW Economy sentiment index on Tuesday 13 December.

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, according to Sam Gold.

And he indicated that industrial production in the eurozone, industrial production in China, the Bank of England’s interest decision, as well as the European Central Bank’s interest decision and US aid requests are expected to be announced on Thursday 15 December and Friday 16 December 2022 the announcement of UK retail sales, the German Purchasing Managers’ Index and the UK Purchasing Managers’ Index and consumer prices in the euro area are expected.