Today, Monday, gold prices witnessed remarkable stability in the Egyptian goldsmiths’ market, with 21 carat recording the most heavily traded 2165 pounds per gram, at the same closing levels as Saturday, before the Egyptian goldsmiths holiday
Investors are awaiting the decision of the US Federal Reserve, which will hold its meeting tomorrow and the day after tomorrow, July 25 and 26, to decide the interest rate, and whether interest will be raised or kept as it is.
There are always questions about the relationship between gold and the dollar and the Federal Reserve’s decision It is worth noting that there is a strong relationship between gold and the rise of the dollar In general, whether countries or individuals are looking for a reserve, whether cash or gold, for their savings, the decline of the dollar, gold is the safe haven, and the decline of gold, the dollar is more attractive to savers.
Here is the answer, where investors recently buy gold bars and invest in the dollar together, unlike in the past. Whoever resorts to the dollar does not care about gold, and whoever resorts to gold does not care about the dollar, but now the relationship between them has become tandem.
The Wall Street Journal reported that this strange correlation between gold and the dollar recently baffled strategists and investors, and some believe that the two will continue to move together in the foreseeable future at a time when investors focus on noticing Indicators of strength or weakness in the banks and economies of the world
Gold prices today, Monday, July 24, 2023
Al-Fajr reviews the prices of all bullets as follows
24 karat gold price today
2476 pounds per gram
22 karat gold price today
2270 pounds per gram
21 karat gold price today
2167 pounds per gram
18 karat gold price today
1857 pounds per gram
14 karat gold price today
1444 pounds per gram
Today’s gold price is 12 karat
1238 pounds per gram