Global gold prices rose on Tuesday, achieving a new historical peak near the levels of 2640 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 this week, as we will have a talk to Fed Governor Jerome Powell next period.
The price of gold continued to reach record highs, with the precious metal benefiting from continued optimism about interest rate cuts in the United States, as interest rate cuts represent a positive scenario for gold in the medium and long term, and the low interest rate environment usually enhances the attractiveness of the precious metal.
On the other hand, gold prices have risen in Egypt, where the price of 21 carat gold is trading the highest in Egypt Today, September 24, near the levels of 3565 pounds.
24-karat gold also recorded levels of 4074 pounds, and 18-karat gold also recorded levels of 3056 pounds.
The dollar price in Egypt also rose within Official banks today to reach levels of 48.72 pounds per dollar, also the dollar price in the parallel market inside Egypt rose to levels of 48.97 pounds per dollar, which affected the price of gold inside Egypt in addition to the high price of the precious metal globally.
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