We publish the latest update in Gold price in Egypt Today, Sunday, in conjunction with the weekly holiday for the goldsmiths market, trading on gold on the global stock exchange has stopped, and 18 karat gold is recorded, which is the second carat in terms of demand for gold at 714 pounds per gram.
Gold price in Egypt:
Carat 18 recorded 721 pounds.
21 caliber record 833 pounds.
24 carat record 962 pounds per gram.
The gold pound is 6736 pounds.
Precious metals markets in the world are witnessing a clear increase in demand for them, especially gold, which recorded levels that are almost the highest for 8 months, as an ounce of gold jumped to levels close to 1900 dollars, last week
Continuing fears of an exacerbation of the crisis between Ukraine and Russia is pushing upwards, as gold is a balance of all developments in the world, whether economic, political or security.
And gold recorded its highest level in eight months before falling back at the end of trading week, while the decline in US Treasury yields also pushed in the direction of the rise of gold.
Markets have been on alert for the past several weeks as high inflation and upbeat talk from some Federal Reserve officials, notably St. Louis Fed President James Bullard, caused traders to seek the equivalent of seven 0.25% rise this year, and market prices fell Somewhat after the minutes were released, with now a 50-50 chance of the Fed raising its benchmark rate by 1.75%.
He explained that the rise in the inflation rate in the United Kingdom for the fourth consecutive month, reaching 5.5% in January, recording its highest level in 30 years, is pushing it upward, pointing out that the Egyptian market is affected by these changes and that the decision in the market movement in the coming days is linked to these changes. events.