Gold prices rose during trading on Thursday near the levels of 2670 dollars per ounce, as the demand for safe havens increased due to geopolitical tensions, as we mentioned here.
However, the strength of the dollar has reduced the relative demand for gold due to the fact that gold and the dollar are safe havens, and the expectations of new monetary policy decisions by major banks including the Fed are likely to affect both the dollar and gold prices in the next few months.
On the other hand, gold prices rose in Egypt Today, Thursday, where the price of the 21st highest traded gold in Egypt is trading near the levels of 3745 pounds.
The price of 24-karat gold also rose today to levels of 4280 pounds, and 18-karat gold recorded levels of 3210 pounds per gram.
As the price of the goldsmith dollar fell today in Egypt near the levels of 49.80 pounds, while the dollar price inside the official banks remained steady today at the levels of 49.76 pounds, the dollar price also rose in the parallel market inside Egypt to reach the levels of 50.15 pounds.
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