صدى البلد البلد سبورت قناة صدى البلد صدى البلد جامعات صدى البلد عقارات
Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
ads

Gold Prices Drop by EGP 13 after US Keeps Interest Rates Unchanged


Thu 27 Jan 2022 | 04:38 PM
walid Farouk

Gold prices dropped in local markets by EGP 13 today, Thursday, followed the $ 37 decline of the yellow metal ounces in world exchange trades, recording $ 1808.

Gold was negatively impacted by the US Federal Reserve's decision of kepping interest rates unchanged.

However, the rise in inflation and the growing concerns over a possible escalation between Russia and Ukraine could restricted the yellow metal's expected losses.

Youssef Eid, the head of El Monifeya Chamber of Commerce' Gold Division, said that 21-karat recorded EGP 794, while 24-karat was estimated by EGP 908.

On the other hand, 18-karat was estimated at EGP 681. Finally, the gold pound was sold at EGP 6352.

Contributed by: Rana Atef