witnessed gold prices In Egypt today, there is remarkable stability, following a drop of regarding 15 pounds, compared to the price of gold yesterday gold in EgyptThis decline is due to the significant decline in the price of an ounce globally, bringing an ounce of gold to levels of $ 1750, following it recorded levels close to $ 1800 in the past days. 1092 pounds yesterday.
Gold prices today
18 caliber recorded 923 pounds
24 caliber record 1231 pounds
21 caliber recorded 1077 pounds
The gold pound is 8616 pounds
An ounce of gold is $1750
Gold prices fell to a three-week low on Friday, as the dollar’s rise and expectations of an interest rate hike by the US Federal Reserve reduced the attractiveness of the yellow metal, and US gold futures fell 0.3% to $1,766.20.
“Markets are expecting interest rates to rise further and of course a strong dollar is affecting gold prices at the moment,” said Brian Lane, managing director at Gold Silver Central gold trading.
The dollar rose to a one-month high once morest rival currencies, making gold more expensive for buyers of other currencies.
A number of US Fed officials said last Thursday that the central bank needs to continue increasing borrowing costs to control high inflation.
