Gold rose today, Thursday, October 17, for the third day in a row near the levels of 2688 dollars per ounce, achieving a new record high as we expected and we still expect further ascent in the coming period.
Gold bulls are gaining strength, with uncertainty about the US economic outlook.
Concerns about the economic trajectory of the United States have escalated, pushing investors towards gold as a safe haven amid increased volatility and unclear monetary policy.
On the other hand, gold prices in Egypt rose strongly on Thursday, as the price of the 21st highest traded gold in Egypt is trading near the levels of 3635 pounds.
The price of 24-karat gold also rose today to levels of 4154 pounds, and 18-karat gold recorded levels of 3116 pounds per gram.
The dollar price in Egypt also rose within the official banks today near the levels of 48.73 pounds per dollar, with a decline in the dollar price in the parallel market inside Egypt, which recorded levels of 48.98 pounds per dollar.
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