Gold prices in Egypt stabilised at the start of trade on Tuesday after climbing throughout yesterday’s transactions due to the yellow metal’s ongoing volatility.
Gold costs 21 pounds, or 1112 pounds. Gold is 24: 1270 in price. 8 kg. Gold is priced at 18:953 pounds. Gold is priced at 14: 743.
The cost of gold without manufacturing is $5.
Despite the ongoing uncertainties associated with an impending hike in interest rates by the Federal Reserve (US Central Bank), gold prices rose by more than 1% on Monday after falling in the previous two sessions due to the weaker dollar and the returns of government bonds.
In instant transactions, gold increased. 2% more, or $1661.
33 an ounce around 16:27 GMT, surpassing the previous session’s low point of more than two weeks.
US gold futures increased by 1. $1667 increased by 1%. 60.
Dollar value dropped by 1. 2 percent and the decline in the price of treasury bonds helped to lower the price of gold for buyers abroad.
As the Federal Reserve is anticipated to continue raising interest rates and do so by at least 75 basis points at its upcoming meeting in order to combat inflation, gold is vulnerable to adverse consequences.
Since they surpassed $2,000 per ounce in March, gold prices have dropped nearly 20%.
In instant transactions, silver’s price increased in comparison to other precious metals 2. to $ 18, 5 percent. whilst platinum increased by 1. 70 an ounce. 5% more money, or $912. Palladium increased 1% to reach 2009 at 59. 13 dollars..
The cost of gold in Egypt on Tuesday, October 18, 2022
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