World gold prices fell during today's trading on Tuesday near the levels of 2495 dollars per ounce, as we are waiting this week for a series of US economic data to measure the size of the expected interest rate cut by the Federal Reserve this month, although gold is trading near its historical levels, but it is unable to reach them again, due to the lack of new positive stimuli.
And any breakthrough of this historical peak of 2531.50 dollars per ounce by closing above it, I think we can target the levels of 2550/60 dollars per ounce at the very least.
On the other hand, gold prices in Egypt fell today, as the 21st highest traded gold in Egypt on Tuesday, September 3, recorded slight declines near the levels of 3410 pounds to buy.
We believe that the decline in the price of gold in Egypt is a result of the decline in the dollar locally.
The price of the dollar in Egypt within the official Banks has fallen to the levels of 48.57 pounds per dollar, and the price of the dollar in the parallel market inside Egypt has also fallen near the levels of 48.85 pounds per dollar, and the price of the goldsmith dollar has also fallen near 48.40 pounds.
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