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Gold Prices Today: Reasons for the Global Rise in Gold – Wednesday, July 12, 2023

Books – Islam Saeed Wednesday, July 12, 2023 11:00 PM

We publish The closing price of gold In evening transactions today, Wednesday, after the price of an ounce of gold in the global stock exchange moved from 1924 to 1956 dollars, gold in Egypt recorded 2,200 pounds per gram without adding work.

Gold prices today:

24 karat records 2514 pounds.

21 karat records 2200 pounds.

18 karat records 1886 pounds.

The gold pound is 17,600 pounds

The reasons for the rise in gold globally

Inflation in America slowed to its lowest annual rate in more than two years in June, prompted by some slowdown in costs at a time when price increases were running at their highest level in more than 40 years.

Inflation in America came at 3%, the lowest level since March 2021. On a monthly basis, the index, which measures a wide range of prices of goods and services, rose 0.2%.

The current inflation figures give the US Federal Reserve more space in its next decision, according to Gold Billion, as the markets began to look for the possibility of slowing down the rate hike.

The Fed was looking to lower inflation, which was close to 9% at an annual rate at this time in 2022, the highest rate in November 1981.

2023-07-12 20:00:00
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