US interest ignites gold prices in Egypt

Gold prices rose today on the global stock exchange from 1869 to 1896 dollars after raising the American interest and fears of inflation, which was reflected in gold prices in Egypt, which rose about 40 pounds from 1145 to 1185 pounds per gram of 21 karat, which is the best seller in Egypt.

Amir Rizkallah, a member of the Gold Dealers Division, said in exclusive statements to “Al-Masry Al-Youm” that gold prices achieved a new rise of 18 pounds, especially after raising the American interest, stressing that Egypt does not control prices as well as the rest of the countries, and he explained that there is a state of confusion in it. The gold market is in the coming period, so the vision is not clear.

The US Federal Reserve raised interest rates by 50 basis points for the first time since 2000, as the reserve seeks to curb inflation that has reached its highest levels in several decades, and this is the second time that the US Federal Reserve raises interest rates in 2022, followed by a number of banks Gulf countries, including Saudi Arabia, Qatar, the UAE and Bahrain, also raised interest rates.

Gold price today in Egypt:

18 . caliber Record 1016 pounds

21 . caliber Records 1185 pounds

24 . caliber Records 1354 pounds

gold ounce 9480 dollars


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