We publish the latest update in gold prices Today in the Egyptian market, as well as developments in the global gold price according to the weekly closing, as bullets were recorded gold Traded in the Egyptian market, a slight movement in today’s transactions, to record a gram of 21 carat gold, which is the best-selling in the market, 1780 pounds per gram.
Gold prices today
18 karat records 1526 pounds.
21 karat records 1780 pounds.
24 karat records 2024 pounds.
The gold pound recorded 14,240 pounds.
The international price of an ounce is $1930.
gold in the global stock exchange
Dollar weakness and hopes for a slower rise in US interest rates, which increased the attractiveness of safe-haven gold, fell gold price At $ 1930 an ounce, it rose by 0.5% during the week, and today prices reached $ 1937 as a new political level, which is the highest level since April 2022, according to gold Bullion.
The US Federal Reserve will end the monetary tightening cycle after raising 25 basis points at each of its next two policy meetings and is likely to keep interest rates steady for at least the rest of the year..
The report said that it is possible for gold to reach $ 2,000 this year, but for this reason we need to see a shift in the hawkish tone from the Federal Reserve Bank to confirm expectations of raising current market prices by 25 basis points instead of 50 basis points, and there are also indications However, the United States is probably heading into a recession, and that should support gold significantly.
Meanwhile, data on Wednesday showed US retail sales fell by the most in a year, putting the overall economy on a weaker growth path heading into 2023, and with interest rates lower to lower yields on interest-bearing assets such as government bonds, investors may prefer gold without Yield.
On the other hand, the dollar index was heading for a second consecutive weekly decline, making bullion cheaper for non-US buyers..
