testify gold prices In Egypt, today, Friday, remarkable stability at the same level as yesterday, after a limited decline of about 5 pounds to record a gram of gold. 21 . caliberAnd it is the best seller in the market – 1140 pounds per gram, while gold prices on the global stock exchange are witnessing 1653 dollars, as global gold prices continue to decline due to the pressure of high interest rates.
Gold prices today
21 caliber records 1140 pounds
18 caliber records 977 pounds
24 carat records 1303 pounds
The gold pound is 9120 pounds
The Bank of England decided, yesterday, Thursday, September 22, to raise the main interest rate by 50 basis points to 2.25% from 1.75%, as it seeks to combat inflation, which is still five times higher than its target, and this increase is the seventh in a row, the highest level of interest in a year 2008, 5 members of the Monetary Policy Committee voted for a 0.5% increase, while three voted for a higher increase of 0.75% while it was expected by some analysts, and one member voted for a 0.25% increase which puts pressure on gold globally.
Earlier, the US Federal Reserve – the central bank – decided to raise the interest rate by 0.75% to 3.25%, the day before yesterday, Wednesday, and the inflation rate – meaning the rise in prices of goods and services – recorded a level of 8.3% in America in August 2022, a level that exceeds expectations.