witnessed Gold prices today In the evening transactions, a noticeable rise of regarding 7 pounds, before it fell by two pounds a while ago, to close the market at a rise of regarding 5 pounds only, with the partially high demand for gold in Egypt during the current period, as the last period witnessed a decline in demand for gold as a result of expectations of further decline In the price of gold in the Egyptian market.
Gold prices today As for 21 carat, it recorded 1085 pounds per gram, and the price of 18 carat gold amounted to 930 pounds per gram, and the price of the gold pound was worth 8680 pounds, and the price of a gram of 24 carats amounted to 1240 pounds at the time of drafting these lines.
On the level Gold prices in the global stock exchangeAn ounce price recorded $ 1765 following recording $ 1775 levels, and gold is under pressure from the rise in the dollar and bond yields, and there is anticipation for the outcome of the US Federal Council meeting on August 26, as expectations indicate that the Federal Reserve will continue its monetary tightening policy to confront inflation. Highest level in 40 years.
The US markets are also awaiting the release of retail sales data, in addition to the minutes of the Federal Reserve meeting, which made everyone wait for this data, as the dollar remained strongly pressured on gold that does not generate returns, in the same context, the rise of the dollar pressures gold and reduces the attractiveness of bullion.
On the level of other precious metals, the price of silver in spot transactions rose 0.2% to $ 20.15 an ounce, platinum fell by the same percentage to $ 933.02, and palladium also rose 0.2 to $ 2157.93.