Gold prices rose during today's trading on Monday near the levels of 2595 dollars per ounce, to compensate for some of the losses of the previous period, in light of the scarcity of important economic data during this week's trading.
The Fed is likely to take a more cautious approach to lowering interest rates, however, prices are expected to remain high in the long run.
On the other hand, gold prices rose in Egypt Today, Monday, where the price of the 21st highest traded gold in Egypt is trading near the levels of 3580 pounds.
The price of 24-karat gold also rose today to levels of 4090 pounds, and 18-karat gold recorded levels of 3070 pounds per gram.
The price of the goldsmith's dollar in Egypt also declined near the levels of 49.10 pounds, while the dollar price inside official banks rose slightly today to the levels of 49.44 pounds, the dollar price in the parallel market inside Egypt also rose near the levels of 49.69 pounds.
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