We publish Price of gold In Egypt today, Sunday, in the morning trade, gold was recorded 21 standards It is now the top seller in Egypt at 3,765 pounds, compared to 3,760 pounds, coinciding with the weekly gold market holiday.
24 karat registers 4303 pounds.
21 record standard 3765 pounds.
18 carats cost 3227 pounds.
The pound of gold is 30,120 pounds.
US interest rate cut
The Chairman of the Federal Reserve Jerome Powell said that the results of the US presidential elections will not affect the decisions of the Federal Reserve, and that the bank will not comment on the economic policies adopted by the administration of President Trump, and the bank will not reacting only to changes in economic data and trying to achieve its goals.
The Fed Chairman also pointed out that the strong inflation will not force the bank to reduce interest rates at a faster pace, but if the employment sector shrinks significantly, the Fed will intervene at this time by accelerating the reduction of interest rates .
The gold market was waiting for a trigger to determine the next destination for gold, and there is some uncertainty right now about the US interest rate cut, which is why we see this decline in gold in today’s session.
2024-11-10 11:36:00
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