Today, Monday, gold prices are witnessing an increase of about 7 pounds, only to record a gram of 21 carat gold, which is the best-selling in the Egyptian market, rising to the level of 1300 pounds per gram for the first time in history, and the following are the details of the movement of gold prices.
Gold prices today:
18 karat recorded 1114 pounds.
21 karat recorded 1300 pounds.
24 karat, a record of 1486 pounds.
The gold pound is 10,400 pounds.
Gold is affected globally by many events that are directly reflected in prices, whether in the form of increases or decreases, and the global gold market is looking forward to a group of events this week that may be an important player in moving prices up or down, which we review in the context of the following lines.
Gold awaits during this week 10 important events at the international level, which start today, Monday, November 21, 2022. The markets will be on a date with Germany’s announcement of the Producer Price Index report, and with the advent of Tuesday 11-22-2022, the basic retail sales report will be announced, with the exception of cars in Canada.
And it comes on Wednesday 11-23-2022 to carry with it the announcement of a set of reports and indicators, where the interest decision will be announced in New Zealand, then the industrial purchasing managers’ index in both Germany and the eurozone, and America will disclose the building permits report, then requests for unemployment benefits. Finally, the Oil Inventories report.
By Thursday 11-24-2022, Turkey will announce the interest rate decision, and by the end of the week, on Friday 11-25-2022, Germany will announce the GDP index.
As for the gold market locally, for the first time in the history of gold pricing in the Egyptian market, gold prices today rose to the level of 1292 pounds per gram, bringing a gram of gold close to 1300 pounds for the first time in history due to supply and demand factors, as well as the price of the dollar.