witness markets Precious metals In the world, there is a clear rise in demand for it, especially gold, which recorded levels that are almost the highest for 8 months, as an ounce of gold jumped to levels close to 1900 dollars, and Mamdouh Abdullah, a member of the Board of Directors of the Metals Division in the Federation of Industries, explained the reasons for the rise in gold by saying that the tension on the Ukrainian borders Russian is a major reason.
He added, in exclusive statements, that the continuation of fears of an exacerbation of the crisis between Ukraine and Russia is pushing the upward trend, pointing out that gold is a balance of all developments in the world, whether economic, political or security..
He pointed out, in exclusive statements, that gold is heading towards its highest level in eight months, pointing to the decline in US Treasury yields, while reports of shelling in eastern Ukraine prompted investors to choose the yellow metal as a safe haven..
Markets have been on alert for the past several weeks as high inflation and upbeat talk from some Fed officials, notably St. Louis Fed President James Bullard, caused traders to seek the equivalent of seven 0.25% rise this year, and market prices fell Slightly after the minutes were released, with now a 50-50 chance the Fed could raise its benchmark rate by 1.75%.
He explained that the rise in the inflation rate in the United Kingdom for the fourth consecutive month, reaching 5.5% in January, recording its highest level in 30 years, is pushing it upward, pointing out that the Egyptian market is affected by these changes and that the decision in the market movement in the coming days is linked to these. Events.