Beginning with today’s trade, Wednesday, gold prices in Egypt stabilised after rising yesterday due to the yellow metal’s continued price fluctuation and the most well-known 21-caliber record of 1130 pounds per gramme.
24 carat’s cost per gramme steadied at 1291. 5 pounds.
At 1130 pounds per gramme today, the price of 21-carat gold found stability.
Today, the cost of 18-carat gold remained stable at 968.5 pounds per gramme.
The price of the gold pound stabilized today at 9040 pounds.
On Tuesday, October 25, gold prices continued to follow their trend as the dollar dropped, and investors continued to watch for any signs that the Federal Reserve will halt the rate at which interest rates are increasing. US gold futures rose by 0. 5% to 1662.80 dollars, while gold increased in instant trades by 0. 6% to $ 1658 per ounce. The dollar index, which evaluates how the US dollar performs against six other major currencies, has dropped by 0.
9% lessens the price of gold for customers outside of the US. According to a poll released yesterday, business activity in the US fell for the fourth consecutive month, increasing speculation that the Federal Reserve will ease up on its tightening of monetary policy.
Because they raise the cost of alternative opportunities to own non-returning assets, gold interest rates become less alluring. In terms of other precious metals, silver climbed 0. 4% to $ 19 in instant transactions.
Palladium declined 2. 1% to 1927.25 dollars per ounce, while platinum fell 0.7% to 918.35 dollars per ounce.
Egyptian gold prices for today, October 26, 2022
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