We publish the latest update on gold prices today, Saturday, November 19, 2022, following an increase of regarding 15 pounds at the end of the week’s trading, so that gold recorded a historical level that prices had not reached before, at 1290 pounds per gram for the first time in history, due to the rise in demand for gold bullion in the Egyptian market. This is despite the global decline in the precious metal at the end of the week’s sessions.
Gold prices today
18 karat recorded 1106 pounds.
21 karat, a record of 1290 pounds.
24 karat, a record of 1474 pounds.
The gold pound is 10,320 pounds.
finished gold prices The week was down on Friday, November 18, a day following St. Louis Fed James Bullard suggested during a presentation that the Fed’s policy reference rate may need to rise as much as 7%.
Gold prices fell by $8.60, or 0.5%, to close at $1,754.40 an ounce on Friday. It ended the week with a loss of 0.9%, following rising more than 5% last week.
Gold posted weekly losses, but still managed to hold on to most of its gains from the past two weeks, suggesting that the precious metal may have finally broken the downtrend that has affected it all year.