Prices have stabilized gold Today in Egypt, Sunday 23 October 2022, coinciding with the weekly holiday of the gold market and the world stock exchange, the 21 carats amounted to 1114 pounds without processing.
Gold prices today:
21 carat records 1114 lbs.
18 carat records 955 lbs.
24 karat records 1273 lbs.
The gold pound is 8912 pounds.
Gold prices rose at the end of the week’s trading, after falling to their lowest level in two and a half years earlier in the session, and at the time of settlement, gold futures rose 1.2% , or about $ 19.5 an ounce, at $ 1656.30 an ounce, after recording $ 1621.10 an ounce during the session, which is the lowest level for the most active contract since April 2020. The yellow metal posted a weekly gain of around 50%.
Economic data revealed a decrease in the U.S. budget deficit in fiscal year 2022 by about 50% to $ 1.375 trillion before slashing its earnings.
For his part, US Federal Reserve Chairman Patrick Harker said Thursday in Philadelphia that, with the current inflation situation, “the central bank is actively trying to slow the economy and will continue to raise interest rates for a while. ‘”.
