Gold prices fell by £15 today, Tuesday, to record prices of £1835 per gram of 21-carat, which is Egypt’s best-selling, without adding work.
Gold prices today:
18 carats registered 1573 pounds
21 carat registered 1835 pounds
And 24 carats registered 2097 pounds
And the gold pound is £14,680.
Globally, gold prices posted the biggest single-day gains in more than two years, topping the price by the approximate $1800 figure, then prices fell to £1772 per gram, comments from the analyst suggested. US Federal Reserve Chairman Jerome Powell on Wednesday on a less aggressive path to ramp up interest in the central bank’s battle against inflation.
OANDA chief market analyst Edward Moya said financial markets had to raise expectations of a rate hike from the US Federal Reserve after a pay hike in November.
“However, gold has seen a slight rally since early November, and a sharp pullback doesn’t seem warranted as the economy slows down and inflation is expected to decline steadily here,” he added.
