settled Gold price in Egypt Today, Wednesday, March 16, 2022, gold 21 karat, which is the best-selling in Egypt, recorded 883 pounds per gram at the time of these lines, while gold on the global stock exchanges recorded a level of 1921 dollars now, a price that can change quickly in the coming hours, with anticipation in the global stock exchange for its results. The US Federal Reserve meeting on interest rate cuts amid expectations of an interest rate hike in the United States of America.
Gold price today in Egypt:
Carat 18 recorded 757 pounds per gram.
21 carat record 883 pounds per gram.
24 carat record 1008 pounds per gram.
The gold pound is 7046 pounds.
Ceasefire talks between Russia and Ukraine reduced the demand for safe haven assets, including gold, while expectations increased that the US Federal Reserve would raise interest rates for the first time in three years, increasing pressure on the yellow metal.
And US gold futures fell 1.5% to $ 1930.70, and the US Central Bank is expected to announce at the end of its two-day meeting on Wednesday, raising borrowing costs by a quarter of a percentage point.
Among other precious metals, the spot price of palladium rose 1.7% to $ 2428.72 an ounce, following it recorded its weakest session in two years on Monday, with the easing of supply concerns, and the price of silver fell in spot transactions 1.8% to $ 24.58 an ounce, and platinum fell 1.8 % also reached 1012.04 dollars.
