Witness gold market Over the past 24 hours, noticeable declines were made, due to the decline in the price of the dollar in Egypt by regarding 11 piasters, as well as the decline in demand for the precious metal in the markets during the past hours, and gold lost 70 pounds per gram of bullets traded in the gold market.
Gold prices today:
21 carat records 1150 pounds.
Carat 18 recorded 985 pounds.
24 carat record 1315 pounds.
The gold pound is 9200 pounds.
Gold price today in Egypt
Gold prices today, Thursday, in Egypt, recorded declines of regarding 20 pounds, and 21 karat gold, which is the most traded in Egypt, amounted to 1150 pounds per gram at the time of drafting these lines, with the price of an ounce of gold recording 1848 dollars, as gold globally recorded a clear decline with the strength of the dollar.
Gold was affected this week following factors, perhaps the most prominent of which were the reinforcement of arguments regarding the fastest series of raising interest rates since at least the 1990s, to combat inflation.
Although gold is considered a safe haven from inflation, higher US interest rates increase the opportunity cost of holding bullion, while boosting the dollar, the currency in which gold is priced.
US consumer price growth slowed sharply in April as gasoline prices retreated from record highs, indicating that inflation has likely peaked, but is likely to remain elevated for a while to keep the Fed poised to raise interest rates in order to cool off. the demand.
