witness gold pricesToday, in Egypt, a remarkable stability at the level of 1670 pounds per gram of 21 karat, with the continuation of the wave of unrest in the market amid instant changes in the price of the metal due to speculation, and the markets are witnessing disturbances in the process of Gold pricing This prompted some applications to determine gold prices to stop pricing the metal, as well as major producing companies to stop buying and selling operations.
The average selling price of gold now in the gold market in Egypt is 1670 pounds of the main caliber 21, and expectations indicate that the price of gold may decline in the markets in the coming hours, with the tendency of holders of the precious metal to sell bullion to reap profits.
Gold prices today
18 karat recorded 1430 pounds.
21 karat recorded 1670 pounds.
24 karat, a record of 1909 pounds.
The gold pound is 13,360 pounds.
Globally, gold prices fell with the dollar recovering slightly, while market participants await further guidance from the US Federal Reserve meeting next week regarding raising interest rates, and by 02:48 GMT, spot gold fell 0.2% to $1783.50 an ounce, after rising More than 1% yesterday, Wednesday, supported by the decline in the dollar and US bond yields, and US gold futures fell 0.2% to $1,795.10.
Dollar index and interest
The dollar index rose 0.2%, making the yellow metal priced in the US currency more expensive for buyers than holders of other currencies. Most investors expect the Federal Reserve to raise interest rates by 50 basis points at its last meeting in 2022, which is scheduled for December 13 and 14. Market CPI report for November scheduled for release on December 13th.