Sunday 24 Nov
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.
