Gold prices today in Egypt recorded an increase of 10 pounds during the morning trading, following the global price of the yellow metal rose to levels of 1890 dollars, compared to a price of 1872 dollars in trading yesterday, which is reflected in the price of gold in Egypt, and the gold jump came due to the continuing tension in Ukraine as well as Significant rise in inflation indicators
Gold prices today..
18 karat gold record 709 pounds.
21 karat gold recorded 827 pounds.
24 karat gold recorded 945 pounds
The gold pound is 6616 pounds.
The FOMC policy-setting decided following the two-day session that it will not raise rates yet but strongly indicated that a hike is on the way as soon as March.
Despite the seemingly hawkish tone, the shares reduced losses following the release of the minutes, according to what was reported by some international news agencies.
Markets have been on alert for the past several weeks as high inflation and upbeat talk from some Fed officials, notably St. Louis Fed President James Bullard, caused traders to seek the equivalent of seven 0.25% hike this year.
Market prices pulled back a bit following the minutes were released, with now a 50-50 chance of the Fed raising its benchmark rate by 1.75%.
March is reported to be the month when the asset purchase program ends, although some members at the meeting were hoping for a quicker conclusion.
Instead, the committee set a path in which the Fed would buy $20 billion in Treasuries over the next month and nearly $30 billion in mortgage-backed securities, which had an impact on market sentiments regarding safe havens, especially gold.
