witness gold prices In Egypt, today, Friday, remarkable stability on the same levels as yesterday, after a moderate decline of about 5 pounds to register a gram of gold. 21. caliberAnd it is the best-selling on the market – 1140 pounds per gram, while gold prices on the global exchange are seeing $ 1653 as global gold prices continue to decline due to pressure from high interest rates.-
Gold prices today
Caliber 21 registers 1140 lbs
The 18 gauge registers 977 lbs
24 karat records 1303 lbs
The gold pound is 9120 pounds
The Bank of England decided yesterday, Thursday 22 September, to raise the main interest rate by 50 basis points to 2.25% from 1.75%, in an effort to fight inflation, which is still five times its target, and this increase is the seventh in a row, the highest level of interest in a year 2008, 5 members of the Monetary Policy Committee voted for a 0.5% increase, while three voted for an increase higher than 0.75% while it was expected by some analysts, and one member voted for a 0.25% increase that puts gold under pressure globally.
Earlier, the day before yesterday, Wednesday, the US Federal Reserve – the central bank – had decided to raise the interest rate from 0.75% to 3.25%, and the inflation rate – i.e. the increase in the prices of goods and services – recorded a level of 8.3% in America in August 2022, a level that exceeds expectations.
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