We publish the latest update in gold prices today, following a gram of 21 karat gold, which is the best seller in Egypt, fell to 1106, compared to 1108 pounds per gram, and the global price of gold at the time of drafting these lines was 1692 dollars.
Gold prices today:
21 carat records 1106 pounds.
Carat 18 records 948 pounds.
24 karat records 1264 pounds.
And the gold pound is 8848 pounds
Global gold prices
Gold prices fell Wednesday, September 7th as the dollar and Treasury yields rose following upbeat economic data boosted expectations that the US Federal Reserve will continue to raise interest rates sharply.
Spot gold fell 0.5% to $1,692.99 an ounce by 03:30 GMT, having earlier fallen to its lowest level in a week, and US gold futures fell 0.6% to $1,703.30.
The global gold market awaits the announcement of the GDP in Australia, then the announcement of the trade balance in China, then the announcement of the Halifax House Price Index in Britain, then the announcement of the GDP of Germany, then the GDP of the eurozone, then the trade balance in America .
Strong US service sector data boosted the dollar, and the dollar index jumped to its highest level in 20 years, making gold more expensive for overseas buyers.
US 10-year Treasury yields rose to their highest level since June 16 amid expectations that the Federal Reserve will continue to raise interest rates, and higher yields will increase the opportunity cost of holding non-yielding gold.