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بوابة أخبار اليوم
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Gold falls after $140 rise as rate decision looms
Gold prices experienced a global decline, with the ounce dropping by about $30 after having gained nearly $140 yesterday. This comes as investors await the Federal Reserve's decision on interest rates, which is considered crucial for market directions. In the local market, the price per gram remained stable at yesterday's closing levels without any changes, with 21-karat gold ranging between 6,265 and 6,300 Egyptian pounds. Meanwhile, the international price of an ounce stood at $4,178 on the global exchange. The price of gold is heavily influenced by the U.S. Federal Reserve's decisions, especially regarding interest rate hikes or cuts, as these impact the attractiveness of the precious metal.
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