World gold prices rose during today's trading on Tuesday at the levels of 2525 dollars per ounce, achieving a new historical peak after some minor corrections yesterday.
Gold is still a candidate for further rise globally with increasing geopolitical tensions and the failure to reach a ceasefire agreement between the Zionist entity and Hamas, and the possibility of expanding the conflict if these negotiations fail, as well as the readiness of the US Federal Reserve to cut interest next month and end the tightening period, may make gold vulnerable to further rise in the coming period.
On the other hand, gold prices in Egypt rose today, Tuesday, August 20, almost 15 pounds, where the 21 caliber, which is the highest traded in Egypt, recorded levels of 3485 pounds to buy, despite the decline of the dollar against the Egyptian pound locally, as the dollar price in the parallel market fell to levels of 49.12 pounds per dollar, and the dollar price in official banks fell to the lowest levels of 49 pounds, specifically 49.88 pounds per dollar.
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