Today, Monday, October 17, at the start of its weekly dealings, the price of gold increased globally. The ounce price increased to a level of $1653 after the global gold exchange opened, trading at a level of $1646 today after closing at $1644.
The ounce of gold lost almost $50 last week as a result of the strengthening dollar, rising returns on US Treasury bonds, and higher predictions for US Federal interest rates to boost consumer prices by 6 percentage points. 6 percent annually.
The Gold Stock Exchange recorded losses of about $50 last week by ending its weekly trading on Friday night at the level of 1644 dollars per ounce after opening on Monday at the level of 1695 dollars.
In light of rising expectations that American federalism will continue to tighten monetary policy and raise interest rates in November and December over the acceptance of the acceptable socialists, especially after the rise in the main index of consumer prices in America, to the highest level in 40 years in September, with more than expected, this puts pressure on the federal reserve to do so.
The Ministry of Labor data showed that the basic consumer price index, which excludes food and energy, increased by 6. 6% compared to last year, which is the highest level since 1982. Additionally, for the second consecutive month, the main consumer price index rose by 0. 6% in comparison to the previous month.
Global gold prices increase at the start of its weekly deals.
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