Expectations gold prices On the global stock exchange this week, it is related to a number of events that we are reviewing this week, and the index is scheduled to be announced IFO The business climate in Germany will be announced on Monday, July 25, 2022, and the US consumer confidence index and the US pending home sales index will also be announced on Tuesday, July 26, 2022.
Over the course of Tuesday, July 26, 2022 and Wednesday, July 27, 2022, the US Federal Reserve will meet, which will have significant effects on gold prices on global stock exchanges, as expectations indicate that the US Federal Reserve may raise interest rates between 0.75% to 1% in order to curb inflation that It recorded its highest level in America with 9.1%, which is the highest in 41 years, which favors the interest of raising interest, which reduces the attractiveness of gold and lowers its prices, and the interest rate move event may be the most influential in the markets this week and next week, including the movement of gold prices.
Gold prices are also awaiting on Thursday, July 28, 2022, the announcement of the consumer price index in Germany, “inflation”, as well as the announcement of the quarterly GDP in the United States of America, and the announcement of jobless requests in America as well.
The week closes with a number of important events on Friday, with the announcement of consumer prices in France, “inflation”, the consumer price index in Spain, the quarterly GDP in Germany, the consumer price index in Italy, the consumer price index in the eurozone, and finally the GDP in Canada, to become on Friday. It is the day of announcing inflation in a number of major economies, which has a direct reflection on the sentiments of investors and determines trends towards emerging markets.
Gold prices in Egypt are related to the course of things in global stock exchanges, and may move in a fixed price channel this week, with a minimum of 970 pounds per gram of 21 karat and a maximum of 1010 pounds, because the market is now in anticipation of the course of things on the global stock exchange, and these expectations may change with The factors of supply and demand in the Egyptian market, as well as the movement of the price of the dollar in Egypt, because the dollar is a major factor in the movement of gold in Egypt.