We publish the latest update on the price of gold today, Sunday, November 13, 2022, following prices recorded historical levels at 1270 pounds per gram of 21 karat, which is the best-selling in Egypt, once morest the background of the rise in the price of gold on the global stock exchange to levels of 1770 dollars. We review the expectations of gold movement this week globally. And its reflection on the Egyptian market.
Gold prices today:
18 karat recorded 1088 pounds.
21 karat, a record of 1270 pounds.
24 karat, a record of 1450 pounds.
The gold pound is 10160 pounds.
What happened in a week?
Gold prices rose at the end of the week’s trading, amid the dollar’s decline once morest most major currencies, with the precious metal recording strong weekly gains, and the precious metal recorded its best weekly performance since at least July 2020 following signs of slowing inflation appeared in the United States, which reinforced speculation. The US Federal Reserve may reduce the pace of interest rate hikes
Spot gold contracts rose by 0.7% to 1766.26, then $1770 an ounce, following recording the highest level since the eighteenth of August earlier in the session, and US gold contracts rose by 0.9%, to $1769.40 an ounce, and achieved The yellow metal gained 5.5% this week, and gold achieved the highest level from August, bringing an ounce close to reaching $1,800.
Consumer price inflation data showed a smaller-than-expected rise in October, printing below 8% for the first time in 8 months, and markets now expect a 71.5% chance that the Fed will increase interest rates by regarding 50 basis points in the coming months. December 2022 meeting.
