Gold prices rose today, reaching a new historical peak near the levels of 2589.50 dollars per ounce.

Gold has risen strongly since last Thursday, especially after the European Central Bank cut interest by 25 basis points, and we are waiting for the most important news on September 18, which is the US interest rate decision.

As the interest rate cut represents a positive scenario for gold, the low interest rate environment usually enhances the attractiveness of gold.

UBS is targeting USD 2,700 levels in mid-2025

UBS expects to see gold at levels of 2700 dollars per ounce

On the other hand, gold prices rose in Egypt Today, Monday, the 21st highest traded gold price in Egypt is trading today, Monday, September 16, near the levels of 3470 pounds, and we are still looking forward to more.

24K gold also recorded levels of 3966 pounds and also, 18k gold recorded levels of 2974 pounds.

The dollar rate inside the official banks in Egypt was also fixed at the levels of 48.49 pounds per dollar, and also the dollar rate in the parallel market inside Egypt at the levels of 48.74 pounds per dollar.

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