Gold prices rose globally during today's trading on Thursday, October 10, as markets awaited US inflation data due to be released later in the day to gauge the future stance of the Federal Reserve's monetary policy.
Forecasts indicate that if there is a major geopolitical shock caused by the situation in the Middle East, and with the Fed entering a easing cycle, there is still a chance for the precious metal to set another record this year.
On the other hand, gold prices in Egypt rose slightly on Thursday, as the price of 21 carat gold, the highest traded in Egypt, is trading near the levels of 3550 pounds.
Today, 24-karat gold recorded levels of 4057 pounds, and 18-karat gold recorded levels of 3043 pounds per gram. The dollar price in Egypt also declined within the official banks today near the levels of 48.57 pounds per dollar, with the dollar price rising in the parallel market inside Egypt, which recorded levels of 48.82 pounds per dollar.
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