settled gold prices In the Egyptian market today, after it jumped 12 pounds at the end of the week’s trading, as a result of the movement of global gold prices to levels of 1858 dollars due to negative economic data, which is reflected in the price of gold in the market.
Gold prices today
18 caliber recorded 696 pounds
21 caliber recorded 812 pounds
24 karat record 928 pounds
The gold pound is 6496 pounds.
gold prices It hit its highest level in nearly two months, as fears of rising inflation and rising tensions between Russia and Ukraine raised demand for the safe-haven metal, according to Hani Gaid, head of the gold division.
As for the future of gold, the expectations of raising US interest rates have limited the gains for gold during the current period, as the US Federal Reserve is heading to raise the interest rate in two stages, the first during the current year, and it includes raising interest twice, and the second over the course of 2023 and 2024 by raising interest rates 6 times. The total interest rate will be raised 8 times by 2024.