witnessed gold prices A big jump at the end of the week’s trading, with an increase of 16 pounds per gram of 21 caliber, which is the best seller, to record 1016 pounds per gram in today’s trading, on the background of the rise in the price of gold ounce in the global stock exchange
21 caliber: 1016 pounds
24 caliber: 1161 pounds
Caliber 18: 871 pounds
Caliber 14: 679 pounds
Gold pounds 8128 pounds
Reasons for the rise in gold prices
Market closed gold This week, there is a noticeable rise for an ounce at levels of $1,766.15 due to the decline in US bond yields, as well as the dollar, after Jerome Powell stated that the Federal Reserve may slow the pace of the rate hike, and recorded gold Globally, a noticeable rise despite the interest rate hike at the meeting of July 26 and 27, 2022, by 75 basis points. Gold was supposed to record a noticeable decline due to the rise in interest, but the markets recorded a reverse performance with the decline of the dollar and bond yields.
and testify Gold price in Egypt Today, an increase in all bullets traded in the market, against the backdrop of the rise in the prices of an ounce of gold, and the ounce of gold witnessed a jump from Wednesday after the announcement of the US interest rate from 1720 dollars to 1766 dollars, which had significant effects on the market. The price of gold in EgyptWhich recorded an increase of about 29 pounds since last Wednesday until now.
Gold price in Egypt Strongly affected by the price of the dollar in the market, in addition to Gold price per ounce In the global stock market, and supply and demand factors have a clear impact on the movement of the gold market in Egypt, which makes it difficult to anticipate the movement of the price of gold in Egypt, which is linked to more than one factor that can affect the price movement.