Today, gold prices in Egypt witnessed a decline of regarding 50 pounds per gram for all bullets circulating in the goldsmiths market, with the lull in the pace of speculation in gold that the markets witnessed in the past few days, with the first trading of this week.
Gold prices today:
18 karat recorded 1414 pounds.
21 caliber, record 1650 pounds.
And 24 karat recorded 1886 pounds.
And the gold pound is 13,200 pounds.
What happened in gold during the week?
Gold prices recorded the highest settlement price in regarding a week by the close of trading, following economic data revealed that the producer price index in America recorded levels slightly higher than expectations, and upon settlement, gold futures rose by 0.5%, or $9.20, to $1810.70 an ounce, recording marginal weekly gains. by regarding 0.1%.
Economic data revealed an increase in the producer price index in America by regarding 0.3% in November 2022 on a monthly basis, exceeding analysts’ expectations at 0.2%, and attention is directed this week towards the Federal Reserve meeting, amid expectations that the bank will reduce the pace of monetary tightening by raising interest by regarding 50 basis points. Market participants expect a 50 basis point rate hike at the US Federal Reserve policy meeting on December 13-14 to 93% at present.
