Gold prices witnessed today in Egypt, Tuesday, June 14, 2022, in morning trading, an increase of about 4 pounds, in conjunction with the rise in the price of an ounce of the yellow metal on the global stock exchange, which was recording $ 1819 in morning trading, rising to $ 1830, and the following are the details of the movement of gold in Egypt in morning transactions, after a move Prices in the world market are downward.
Gold prices today
18 caliber records 855 pounds
21 karat records 996 pounds
24 karat records 1140 pounds
The gold pound is 7976 pounds
Gold ounce 1830 dollars
Globally, the rise of the dollar and US treasury bond yields stopped, which gives support to gold, but the gains were limited due to the increased bets on the US Federal Reserve’s tightening of monetary policy to a large extent.
And the price of gold in spot transactions rose 0.3% to $ 1824.21 an ounce by 04:56 GMT, after falling to its lowest level since May 19 at $ 1810.90 earlier in the session, and gold futures in the United States fell 0.2% to $ 1827.80 .
The dollar settled near a two-decade high on Monday, while the precious metal, priced in the US currency, fell by nearly 3%.
The Metals Division of the Federation of Industries said that the global gold markets are now awaiting the announcement of US interest rates, which have a significant impact on gold trading and the volume of demand for the yellow metal, which of course affects the movement of gold in the Egyptian market.
She pointed out that the drop in gold prices in Egypt under 1000 pounds per gram for the second time since March 21, 2022 is an indication of the decline in speculation on the dollar, as well as the matter related to supply and demand factors during the past week.