Gold prices did not move strongly during today's trading on Tuesday and remain stable in a narrow range tilted towards the decline, as the markets are waiting for the minutes of the Federal Reserve's latest monetary policy meeting and economic data to draw insights on the course of US interest rates, as we are waiting for tomorrow's US Consumer Price Index data and then the producer price index on Friday.
With a strong US dollar and rising bond yields weighing on gold, geopolitical tensions and Hezbollah's recent rocket fire on Haifa have lent support to gold's appeal as a safe haven.
On the other hand, gold prices in Egypt fell slightly on Tuesday, as the price of the 21st highest traded gold in Egypt is trading near the levels of 3570 pounds.
Today, 24-karat gold recorded levels of 4080 pounds, and 18-karat gold recorded levels of 3060 pounds per gram. The dollar price in Egypt also rose within the official banks today near the levels of 48.54 pounds per dollar, with the dollar price rising in the parallel market inside Egypt, which recorded levels of 48.75 pounds per dollar.
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