We publish the latest update in Gold prices todayIn light of the decline in the prices of the precious metal in Egypt during yesterday’s trading, and 21 karat gold, which is the best seller in Egypt, recorded 1035 pounds per gram, with continued speculation on gold and global market developments with the return of the rise in the price of an ounce.
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Gold price today:
18 karat records 887 pounds.
21 carat records 1035 pounds.
24 carat records 1183 pounds.
The gold pound is 8280 pounds.
Gold prices during the week’s trading:
Gold prices rose this week, with the continued weakness of the dollar, recording a rise for the second week in a row, amid bets on a more conservative monetary policy of the Federal Reserve. Weekly, gold closed up 0.5%.
The minutes of the Federal Reserve’s monetary policy meeting on Wednesday May 3-4, 2022, released on Wednesday, highlighted that most participants favor an additional 50 basis point rate hike at the June and July meetings.
Higher interest rates and higher short-term bond yields in the US increase the opportunity cost of holding bullion, which produces nothing. The dollar index fell, posting declines for the second week in a row, making bullion less expensive for buyers holding other currencies.
