Global gold prices rose during the Asian trading period on Monday, recovering from some of their losses during most of July, with a focus this week on the upcoming Federal Reserve Board meeting, and the Fed is expected to fix the interest rate as it is at 5.50% levels.
It is worth noting that today's highs have exceeded the levels of 2400 dollars per ounce down to almost 2403, but soon gold fell back to trade near the levels of 2390 dollars per ounce and around.
On the other hand, gold prices stabilized locally in Egypt during today's trading on Monday and recorded a caliber of 3270 pounds.
The gold price in Egypt witnessed a decline during last week's trading due to the negative pressure from the decline in the global gold price, this comes in light of the local price correlation with the movement of the global gold ounce price during the recent period with the absence of local pricing factors, especially with the stability of the local dollar exchange rate.
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