With the help of the rise in the price of the yellow metal on the international stock exchange, gold prices in Egypt surged at the start of trade today, Thursday, reaching a record high of around 1183. 5 pounds per gramme of 21-carat gold.
1183. 5 pounds for calibre 21. 5 pounds 18: 962, 5 pounds 14: 748, and 24: 1268.
without factory, stamp, or tax, 75 pounds of gold 8984 lbs.
Gold prices have increased with the support of a slight decline in the dollar while investors are looking to publish the record of the monetary policy meeting of the Federal Reserve for the month of September, as well as inflation data in search of indicators on the course of raising interest rates.
Instant transactions saw a 0.2% increase in gold prices to 1668.
After falling for five straight days, US gold futures dropped 0.6% to $ 1675.50 per ounce by 0908 GMT.
Due to the 0.1% decline in the value of the dollar against other currencies, gold is now more affordable for buyers.
On Wednesday at 1800 GMT, the Federal Reserve Council’s most recent meeting’s minutes will be made public. On Thursday, the US consumer price index data, which is anticipated to keep rising, will be released.
Since March, the US Central Bank has significantly increased interest rates in an effort to rein in wild inflation. This has had a negative impact on the attractiveness of precious metals as high interest rates have increased the cost of alternatives that allow people to own alloys that do not bring back the price they paid for them.
In terms of pricing for other precious minerals, palladium increased by 0.6% to 2153.55 dollars, platinum increased by 0.7% to $891.64, while silver prices in instant transactions decreased by 0.1% to $ 19. 18 per ounce.
Gold prices today, Thursday 13-10-2022 .. An increase in the cost of yellow metal
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