We publish the latest update on the price of gold today, Saturday, in the goldsmiths market, as prices witness a noticeable decline in all bullets traded in Egypt, as a gram of 21 carat gold, which is the most traded in the market, records 1860 pounds in today’s trading, and these prices may witness other changes in the coming hours.
Gold prices today in Egypt, recording 1594 pounds for 18 karat, and 21 karat gold recorded a price of 1860 pounds per gram, and 24 karat reached a price of 2126 pounds, and finally a gold pound 14880 pounds, and an ounce of gold 1794 pounds
Gold futures contracts rose at the close of trading on Friday, December 16th, trimming the losses recorded throughout the past week.%.
Rob Haworth, chief investment strategist at U.S. Bank Wealth Managementthat “precious metal prices rebounded in the middle of the week, on the back of weak inflation data, and hopes that the Federal Reserve will stop raising interest rates soon.”“.
He added, “The hawkish announcement from the Fed late Wednesday, December 14th put heavy pressure on gold prices“.
expected Commerzbank Gold decreased to regarding $1,750 an ounce until it becomes clear that the cycle of raising US interest rates has ended, while prices rise to $1,850 by the end of 2023.
