Gold prices rose globally today, Thursday, October 31, achieving a new historical peak at the levels of 2790 dollars per ounce, before now declining near the levels of 2775 dollars, with markets focusing on a set of US economic data to be released this week, the most important of which are the Personal Consumption Expenditures price index data, which is the Fed's preferred indicator for the scale that will be released today, before the US employment statistics on Friday.
The precious metal continues to find support from investors amid economic risks, and the markets seem to be in a period of uncertainty before the US elections, but the demand for safe assets remains strong, according to the World Gold Council by 5% year-on-year in the third quarter.
On the other hand, gold prices in Egypt rose on Thursday, with the 21st highest traded gold price in Egypt trading near the levels of 3788 pounds.
The price of 24-karat gold also rose today to levels of 4329 pounds, and 18-karat gold recorded levels of 3247 pounds per gram.
The dollar price in Egypt also rose inside the official banks on Thursday to trade near the levels of 48.90 pounds, with the dollar price also rising in the parallel market inside Egypt to the levels of 49.07 pounds.
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