We publish the latest update in gold prices today, Sunday, according to the prices announced by the Gold Division in the Chamber of Commerce, which revealed the continued fluctuation in the prices of the yellow metal locally as a result of supply and demand developments.
Gold price in Egypt today:
The price of a gram of 21 karat gold records 987 pounds.
The price of a gram of 18 karat gold records 846 pounds per gram.
The price of a gram of 24 karat gold records 1128 pounds.
The price of the gold pound is 7869 pounds.
Gold price expectations on the global stock exchange this week are linked to a number of events that we review this week, and the Ifo business climate index in Germany is scheduled to be announced on Monday, July 25, 2022, and the consumer confidence index in America and the pending home sales index in America will also be announced on Tuesday 26 July 2022.
Over the course of Tuesday, July 26, 2022 and Wednesday, July 27, 2022, the US Federal Reserve will meet, which will have significant effects on gold prices on global stock exchanges, as expectations indicate that the US Federal Reserve may raise interest rates between 0.75% to 1% in order to curb inflation that It recorded its highest level in America with 9.1%, which is the highest in 41 years, which favors the interest of raising interest, which reduces the attractiveness of gold and lowers its prices, and the interest rate move event may be the most influential in the markets this week and next week, including the movement of gold prices.
Gold prices are also awaiting on Thursday, July 28, 2022, the announcement of the consumer price index in Germany, “inflation”, as well as the announcement of the quarterly GDP in the United States of America, and the announcement of jobless requests in America as well.
Gold prices in Egypt are related to the course of things in global stock exchanges, and may move in a fixed price channel this week, with a minimum of 970 pounds per gram of 21 karat and a maximum of 1010 pounds, because the market is now in anticipation of the course of things on the global stock exchange, and these expectations may change with The factors of supply and demand in the Egyptian market, as well as the movement of the price of the dollar in Egypt, because the dollar is a major factor in the movement of gold in Egypt.
