settled gold prices In Egypt today, Sunday, in conjunction with the weekly holiday for the gold market globally and locally, following the market closed this week at a rise of 12 pounds in Egypt, as a result of the movement of global gold prices to levels of 1858 dollars due to negative economic data, which is reflected in the price of gold as a haven security.
Gold prices today:
Carat 18 recorded 696 pounds.
21 caliber record 812 pounds.
24 carat record 928 pounds.
The gold pound is 6496 pounds.
An ounce of gold is $1,858.
Gold prices in the Egyptian market jumped by 12 pounds, as a result of the movement of international gold prices to levels of 1858 dollars due to negative economic data, which is reflected in the price of gold in the market.
Gold prices hit their highest level in nearly two months, as fears of rising inflation and rising tensions between Russia and Ukraine raised demand for the safe-haven metal, according to Hani Gaid, head of the gold division.
Expectations to raise US interest rates have limited the gains for gold during the current period, as the US Federal Reserve is heading to raise the interest rate in two stages, the first during the current year, and it includes raising interest twice, and the second over the course of 2023 and 2024 by raising interest 6 times, bringing the total interest rate to 8 times. by 2024.
