Global gold prices rose on Thursday near yesterday's record high at the levels of 2670 dollars per ounce, and we are still targeting the levels of 3000 dollars in the long term.
More signals from the Fed and the US economy are scheduled to be released today, as today we will have a talk to Fed Governor Jerome Powell and before her we will have US growth data.
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 carat gold is trading the highest in Egypt Today, Thursday, September 26, near the levels of 3607 pounds.
24-karat gold also recorded levels of 4122 pounds, and 18-karat gold also recorded levels of 3092 pounds.
The dollar price in Egypt also declined inside the official banks today to reach levels of 48.60 pounds per dollar, also the dollar price in the parallel market inside Egypt rose to levels of 48.85 pounds per dollar, and this led to the decline of gold in Egypt this slight decline from yesterday's levels despite the rise in the price of gold globally.
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