Today, Tuesday, December 13, 2022, gold prices are witnessing a move to the level of 1,700 pounds for 21 carat, which is the best-selling in Egypt, in evening trading. Below is a summary of gold prices now at the conclusion of today’s trading.
Gold prices today
18 karat recorded 1457 pounds
21 karat recorded 1,700 pounds
And 24 karat recorded 1947 pounds
The gold pound is 13,600 pounds.
The consumer is constantly awaiting the movement of gold in Egypt, and monitors the price of the yellow metal in the global stock exchange, in addition to all developments in the global stock market for gold. The gold market is awaiting several developments this week, most notably the announcement of the US interest on next Wednesday, which will have clear effects on the movement of gold and the volume of demand. on the precious metal on the global stock exchange.
The global gold price moved in a price channel that ranged between 1775 to 1820 dollars an ounce over the course of this week’s sessions, with precious metals markets anticipating the results of the US Federal Reserve meeting, amid expectations that the Fed will ease the pace of monetary tightening by raising interest rates by regarding 50 basis points.
This week, the US market is awaiting the announcement of the results of the interest rate decision from the Federal Reserve on Wednesday, December 14, 2022, and US crude stocks as well, which will have direct repercussions on the movement of gold globally this week. It is expected to announce industrial production in the euro area, Chinese industrial production, the interest decision from the Bank of England, as well as the interest decision from the European Central Bank and US relief requests on Thursday, December 15th, and it is scheduled to announce retail sales in Britain, the PMI in Germany, the PMI in Britain and prices Eurozone consumers on Friday, December 16, 2022.