Gold prices climbed by £50 today, Monday, after a significant £140 increase in the past few hours, to hit record prices of £1850 per gram of 21 carats, which is Egypt’s best-selling, without adding of labor for the first time in the history of the gold price.
Gold prices today:
18 carats, a record 1586 lbs.
21 carats, a record 1850 pounds.
And 24 carats registered 2114 pounds.
And the gold pound is £14,800.
Globally, gold prices posted the biggest one-day gains in more than two years, clearing the round $1,800 mark, as US Federal Reserve Chairman Jerome Powell’s comments on Wednesday hinted at a slower path. aggressive to raise interest rates in the central bank’s fight 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 rallied slightly since early November and a steep decline does not seem warranted as the economy slows down and inflation is expected to decline steadily here.
