Gold prices in Egypt rise at the end of the week’s trading, despite the global decline

rose gold prices At the conclusion of this week’s trading of regarding 10 pounds, despite the decline in the price of an ounce of gold to levels of 1931 dollars compared to 1954 dollars, and the rise of gold in Egypt came once morest the background of the continued movement of the dollar, and 21 karat gold, which is the most popular in the country, recorded 1090 pounds without adding workmanship.

Gold prices today

18 caliber recorded 934 pounds.

21 caliber recorded 1090 pounds.

24 caliber record 1246 pounds.

The gold pound is 8720 pounds.

White House Press Secretary Jen Psaki said this week that the administration of US President Joe Biden is focused on preventing inflation from becoming a problem in the future, which means further rate hikes and might pressure gold hard.

A jump in demand as the US economy reopens has caused a sharp increase in inflation, and continued supply bottlenecks are expected to keep price increases well above the Fed’s average inflation target of 2% through the end of the year and possibly next.

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