Global gold prices fell on Tuesday after the precious metal hit a new historic high yesterday near the levels of 2589.50 dollars per ounce.
The two-day meeting of the US Federal Reserve begins today, where the results of the meeting will be released tomorrow, which will significantly determine the movements of gold in the coming period.
It is known that the interest rate cut is over, but the discussion is currently whether the cut is 25 basis points or 50 basis points.
But mostly interest rate cuts represent a positive scenario for gold in the medium and long term, and a low interest rate environment usually enhances the attractiveness of gold.
On the other hand, gold prices in Egypt fell on Tuesday, with the 21st highest traded gold price in Egypt on Tuesday, September 17, near the levels of 3465 pounds.
24K gold also recorded levels of 3960 pounds and also, 18k gold recorded levels of 2970 pounds.
The dollar rate in Egypt within Official banks remains at approximately the same levels for the fifth consecutive day at 48.48 pounds per dollar, as well as the dollar rate in the parallel market inside Egypt at 48.74 pounds per dollar.
For more follow-up and real-time prices, you can visit our website from here
You can download our application from Google Play and Apple Store here
