We publish the latest update in gold prices Today, in light of the decline in the prices of the precious metal in Egypt during the trading of Friday, May 27, 2022, and recorded gold 21 carat – which is the best seller in Egypt – 1050 pounds per gram, a decrease of 5 pounds in the morning trading.
Gold prices today…
18 caliber record 900 pounds.
21 carat records 1050 pounds.
24 karat records 1205.75 pounds.
The gold pound is 8400 pounds.
At the global level, gold prices rose on Friday, May 27, with the continued weakness of the dollar, which helped move the yellow metal towards recording the second weekly rise in a row, as expectations of a stronger monetary policy tightening from the Federal Reserve receded.
And gold rose in spot transactions 0.2% to $ 1854.05 an ounce, and US gold futures also rose 0.2% to $ 1851.90, and gold rose since the beginning of the week by 0.4%.
The minutes of the Federal Reserve’s monetary policy meeting on May 3 and 4, which were released on Wednesday, May 25, highlighted that most participants favor a 50 basis point rate hike in the June and July meetings, as the market expected, and higher interest rates and US bond yields will increase The opportunity cost of acquiring non-returnable gold.
