We publish Gold prices in Egypt Today, Tuesday, March 26, 2024, is the middle of today’s trading, after an increase of 80 pounds, as gold recorded 3,150 pounds per gram of 21 karat, which is the karat of gold jewelry and coins in Egypt. In the context of the following lines, we monitor the developments in gold prices today in Egypt.
Gold prices today:
24 karat records 3600 pounds.
21 caliber costs 3150 pounds.
18 karat costs 2700 pounds.
14 karat is 2100 pounds.
The gold pound is 25,200 pounds.
Global gold rise
Global gold prices rose during trading today, Tuesday, after occasional movements that did not last for a long time, while investors’ focus turned to US inflation data scheduled for release later this week, which may shed more light on the timing of the first interest rate cut by the bank. Federal Reserve this year.
The price of an ounce of international gold rose today by nearly 1% to record the highest level at $2,195 per ounce, after opening today’s session at $2,171 per ounce, and is currently trading at $2,190 per ounce.
Yesterday, gold also rose by 0.3%, entering into sideways movements that continued during the beginning of today’s sessions around the level of $2,170 per ounce, according to Gold Billion’s analysis, before it returned to the rise and crossed the trading volatility zone to return to trading above the level of $2,190 per ounce.
The gold market shows cohesion and is catching its breath after the strong movements during the last period, which pushed it to record the highest historical level at $2,222 per ounce. But currently the market lacks new incentives that support gold’s movement in a clear direction.
The next step will likely depend on the release of personal consumption expenditures index data this week. Evidence of a further slowdown in inflation in the United States, which would ease fears of accelerating prices or at least re-establishing them at a higher level, which would be very positive for gold.
It is expected that the personal consumption expenditures index will record an increase of 0.4% last February from the previous reading of 0.3%, and that the core index, which excludes fluctuation factors, will decline to 0.3% from the previous reading of 0.4%.