Gold prices in Egypt Today, Tuesday, August 13, 2024

Global gold prices rose during the beginning of the Asian trading period on Tuesday for the fourth day in a row, before returning to decline again and take profits.

It is worth mentioning that the precious metal rose last period as the demand for safe haven assets increased in light of renewed geopolitical tensions, amid expectations that the Reserve will end the monetary tightening cycle in September.

On the other hand, gold prices fell locally in Egypt Today, Tuesday, August 13, with the beginning of transactions almost 5 pounds to the 21st caliber, where the 21st caliber, which is the highest traded in Egypt, recorded levels of about 3475 pounds to buy, and expectations are still for further local rise during the coming period.

The price of the dollar in the Egyptian parallel market rose slightly to the levels of 49.62 pounds, and it also trades in official banks from 49.25 to 49.35 pounds per dollar.

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