World gold prices rose during today's trading on Wednesday, reaching levels of 2475 dollars per ounce, as investors awaited the US inflation report this afternoon, which may give markets more signals about the future of monetary policy in the United States.
The yellow metal is likely to rise further and reach new historical highs with the beginning of interest rate cuts from the Fed.
On the other hand, gold prices in Egypt rose today, Wednesday, August 14, at the beginning of transactions, where the 21 caliber, which is the highest traded in Egypt, recorded levels of about 3485 pounds to buy, and expectations are still for further local rise during the coming period, especially with the rise in the price of the dollar in the parallel market down to the levels of 49.70 pounds, and also traded in official banks between 49.40 to 49.50 pounds per dollar.
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