Global gold prices fell slightly on Monday, but it is still trading near last week's historic peak at the levels of 2686 dollars per ounce.
This week we are waiting for the most important US data for October, namely the US jobs data from the government sector, which will largely determine how much the Fed will cut interest next November, whether 25 points or 50 basis points.
The price of gold continues to reach record highs almost daily, with the precious metal benefiting from continued optimism about interest rate cuts in the United States, and the low interest rate environment usually enhances the attractiveness of the precious metal.
On the other hand, gold prices in Egypt have slightly declined, as the price of 21-karat gold is trading the highest in Egypt Today, Monday, September 30, near the levels of 3600 pounds.
24-karat gold also recorded levels of 4114 pounds, and 18-karat gold also recorded levels of 3086 pounds per gram.
However, the price of the dollar in Egypt within the official banks today rose slightly to reach the levels of 48.47 pounds per dollar, also the price of the dollar in the parallel market inside Egypt rose to the levels of 48.74 pounds per dollar.
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