rose Gold prices today In Egypt, Saturday, September 17, 2022, regarding 2 pounds per gram of bullets traded in the gold market, and the rise in gold in Egypt came despite the significant decline in an ounce of gold on the global stock exchange to record levels that are the lowest, as gold globally reached its lowest level in two years
Gold prices settled near their lowest level in more than two years, and are on track to record their worst weekly performance in two months, following expectations of a large interest rate hike by the US Federal Reserve caused bond yields to increase, extinguishing the luster of the precious metal.
Gold price today in Egypt
18 caliber records 956 pounds
24 karat gold records 1274 pounds
21 caliber records 1115 pounds
The gold pound is 8920 pounds.
And gold fell in spot transactions 0.1% to $ 1661.97 an ounce by 07:24 GMT, following hitting its lowest level since April 2020 at $ 1658.30. Prices have decreased by 3.2% since the beginning of the week so far.
US gold futures fell 0.4% to $1,670.50. This comes as US 10-year Treasury yields are approaching their highest level since June, while the dollar is set to record a weekly rise once morest its rivals.
Gold is very sensitive to raising US interest rates, because it increases the opportunity cost of holding non-yielding bullion.
As for other metals, spot silver fell 0.9% to $18.98 an ounce. Platinum fell 1.7% to $889.19, and palladium fell 1.7% to $2,099.54.
