Gold prices rose globally during the Asian trading period today, Friday, November 1, as yesterday reached a new historical peak at the levels of 2790 dollars per ounce, and then investors took profits after the strong gains achieved during last October, as the generally strong economic data from the United States supports a more cautious approach to the course of interest rate cuts by the Fed in the coming months.
The focus today will be on the US employment report for October and the PMI data due out today to gauge the Fed's next move.
On the other hand, gold prices rose in Egypt Today, Friday, where the price of the 21st highest traded gold in Egypt is trading near the levels of 3785 pounds.
The price of 24-karat gold also rose today to levels of 4326 pounds, and 18-karat gold recorded levels of 3244 pounds per gram.
The dollar price in Egypt also rose within the official banks on Friday to trade near the levels of 49.00 pounds, with the dollar price also rising in the parallel market inside Egypt to the levels of 49.25 pounds.
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