settled gold prices Today in Egypt at yesterday’s levels, with the goldsmiths’ weekly holiday and the suspension of trading on gold in Egypt and the global stock exchange, but the factors of supply and demand and the volume of gold supply in the markets may have an impact on the price movement in the Egyptian market during the coming hours, but in a limited way it will not exceed Either way, two pounds.
Gold prices today:
21 carat records 890 pounds per gram.
Carat 18 records 763 pounds per gram.
24 carat records 1017 pounds per gram.
The gold pound is 7120 pounds.
Hani Gayed, Division Head, revealed gold In the Federation of Chambers of Commerce, regarding developments in the gold market in Egypt and the global stock exchange following the US Federal Bank announced raising interest rates by a quarter of a percentage point, which affected gold trading in the whole world, noting that gold did not respond to the US interest rate hike due to the continuing Ukrainian-Russian war.
In exclusive statements, Hani Gaid explained that the gold market in Egypt is linked to the global stock exchange, but there are several criteria that affect prices in Egypt, even if we do not witness a development in the global price, pointing out that the most important of these factors is the price of the dollar in the Egyptian markets, supply and demand factors, and the volume of gold supply. As well as the volume of import.
The US Federal Reserve announced a quarter-point rate hike, while expectations were for a half-point hike, but what caused the markets to be busy is the Fed’s assertion that inflation may continue to rise as oil continues to rise.
