• 2024/08/13

Gold prices soar Tuesday

Gold prices increased today, Tuesday, August 13, 2024.

24 Karat Gold: EGP 3966

21 Karat Gold: EGP 3470

18 Karat Gold: EGP 2974

14 Karat Gold: EGP 2313

Gold Pound: EGP 27,760

Global Gold Market

Global gold prices declined today by 0.5%. The price dropped to $2458 per ounce from an opening price of $2470. This marks the lowest point since August 2nd, when gold reached a high of $2476 per ounce.

Investors are taking profits after a three-day price increase as they await US inflation data. This data will influence the Federal Reserve's monetary policy decisions. A potential decrease in inflation could lead to interest rate cuts in September, thereby boosting gold demand.

• Gold prices
• US inflation
• karat
• global prices
• investors
• Federal Reserve