2023-06-12 10:30:00
Islam Saeed Books
Monday, June 12, 2023 01:30 PM
The price of 21 carat gold, which is the best-selling in Egypt, witnessed a limited decrease of regarding 20 pounds, to record 2315 pounds, amid limited trading on gold in the goldsmiths market, at the beginning of the week’s trading.
Gold prices today:
21 carat: 2315 pounds.
24 karat: 2646 pounds.
18 karat: 1984.5 pounds.
14 karat: 1548 pounds.
The gold pound is 18,520 pounds.
The global price of gold
Gold prices witnessed weak movements at the beginning of the week, as the volatility continued to control the movements of the precious metal, as markets await this week the release of US inflation data, followed by the Federal Reserve meeting, which would chart the course of gold during the coming period.
The technical report of Gold Billion said that spot gold prices during trading today, Monday, at the time of writing the report, are trading at the level of 1965 dollars an ounce, following witnessing a slight increase by 0.2%, following gold was able to rise during the past two weeks, despite its trading in a specific range.
The report indicated that gold received some support last week from data on the number of applicants to fill weekly unemployment benefits, which rose to the highest level in a year and a half, increasing expectations that the Federal Reserve will stop raising interest rates during its meeting this week. The report pointed out that the markets are awaiting the release of US consumer price data for the month of May tomorrow, and expectations indicate that the monthly index will rise by 0.2%, less than the previous reading of 0.4%, while the annual index is expected to rise by 4.1% from the previous reading of 4.9%.
1686576777
#price #gold #today #declining #pounds #karat #records #pounds