We publish the latest update in gold prices today, Sunday, October 9, 2022, as prices record an increase in morning transactions by regarding 15 pounds, and the price of a gram of 21 karat gold, which is the best-selling in Egypt, reached 1100 pounds without adding workmanship, and this price may witness significant changes in the coming hours with continued trading on gold in Egypt.
21 karat recorded a value of 1100 pounds, and the price of 24 karat was worth 1257 pounds, and the price of 18 karat was worth 943 pounds, and the price of 14 karat recorded a value of 730 pounds, and the gold pound was 8800 pounds.
Globally, gold prices rose during the closing of the week’s trading, in conjunction with the weakness of the dollar and US Treasury bond yields, while investors awaited the monthly jobs report that may affect the Federal Reserve’s interest rate hike strategy.
During a speech at Northwestern University, Rafael Bostik, President of the Federal Reserve Bank of Atlanta, called for raising the interest rate between 4% and 4.5% by the end of this year, in order to reach a point where monetary policy is moderately restrictive before stopping to monitor How the economy and prices interact.
Despite recession fears, Goldman Sachs raised its US growth forecast in a research note, forecasting third-quarter GDP growth of 1.9%, compared to the 0.9% previously expected.
