After rising by around 2% at the close of last week’s trade, gold prices in Egypt stabilised at the start of trading on Monday, registering $ 1662 an ounce in futures contracts and $ 1657 in immediate contracts.
Today, Saturday, October 22, 2022, gold prices: 24 carat’s price settled at 1272 pounds per gramme.
At 1113 pounds per gramme today, the price of 21-carat gold found stability.
The price of 18 carat gold stabilized today at 954 pounds per gram.
Today, the gold pound’s value stabilised at 8904 pounds.
Analysts at the Bank of Goldman outlined four scenarios for the prices of humiliation expectations on their end. This would push gold prices to $ 1530 an ounce with real prices for 10 years slightly to 1. 7 %, and the second scenario: Goldman also sees a 30 % opportunity for stagnation with significant discounts in interest rates to zero by 2025.
As a witness, it The third scenario: The worst case scenario for gold will be if the prospect of inflation increases and forces the federal reserve to keep raising interest rates. In this scenario, gold prices soar to $ 2250 per ounce. This environment will pay gold prices to $ 1500 an ounce, with real prices increased by 1. 5 %.
Goldman estimates that there is a 20% likelihood that this will occur, while the fourth possibility involves a 20% chance of recession and only minor interest rate reductions, which would bring gold prices back to $2,000 per ounce.
The cost of gold in Egypt on October 24, 2022
About Author
