1 Day
Source:
المصري اليوم
_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352142843_145525226.png&w=64&q=75){kind=small}
Gold and silver react to Fed rate hike
The U.S. Federal Reserve raised interest rates by 25 basis points, bringing the rate to between 3.75% and 4%, with the aim of controlling inflation and maintaining economic growth. Following the decision, gold and silver prices experienced a modest increase. The price of 21-karat gold started the day at 6,325 Egyptian pounds and rose to 6,345 pounds by the end of the day. Experts expect that the rate hike will lead to a decline in gold prices, with some fluctuations due to geopolitical developments and the rise in the dollar. Prices may stabilize in the coming period.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)