We publish the latest update on the price of gold today, Saturday, in the goldsmiths market, as the prices witness a significant drop in all the bullets traded in Egypt, such as a gram of 21-karat gold, which is the most traded in the market, records £1860 in today’s trading, and these prices could see more changes in the coming hours.
Gold prices today in Egypt registering 1594 pounds for 18 carats, and 21 karat gold recorded a price of 1860 pounds per gram, and 24 karats priced at 2126 pounds, and finally a pound of gold 14880 pounds and an ounce of gold 1794 pounds
Gold futures contracts rallied as of the close of business on Friday, December 16, narrowing losses recorded over the past week.%.
Rob Haworth, chief investment strategist at Wealth management of US banksAnd that “precious metal prices rebounded mid-week on the back of weak inflation data, and he hopes the Federal Reserve will stop raising interest rates soon.”“.
He added: “The Fed’s hardline announcement late on Wednesday, December 14th put severe pressure on gold prices“.
expected Commerzbank Gold fell to around $1,750 an ounce until it becomes clear the US interest rate hike cycle is over, as prices climb to $1,850 by the end of 2023.
