World gold prices rose in Asian trading on Wednesday, as gold rose for the second day in a row to the levels of 2425 dollars per ounce, especially after the Zionist entity's attack on southern Lebanon yesterday, which killed three people and injured 74 others, and among the three dead in the brutal attack were two children, and the search for missing people under the rubble is still ongoing.
We expect gold to continue rising, especially after the tense situation in the region, while waiting for a response from Hezbollah to this brutal Israeli attack.
Also today, the assassination of Ismail Haniyeh, the head of the Political Bureau of the Hamas movement, was announced and he was assassinated at his residence in the north of the Iranian capital Tehran.
Khamenei, the Iranian leader, also declared that revenge for Haniyeh's blood is one of our duties because the assassination took place on our territory, and that the criminal Zionist entity has paved the ground for punishing it with all cruelty.
Gold prices rose locally in Egypt during today's trading on Wednesday for the second day in a row, as the price of gold started in morning trading at levels of 3285 pounds per gram of 21 caliber, which is the best-selling in Egypt.
This comes in light of the correlation of the local price with the movement of the global gold ounce price during the recent period, and with the absence of local pricing factors, especially with the stability of the local dollar exchange rate.
It is worth mentioning that today we will have the US Federal Reserve's decision, and it is expected that the Fed will fix the interest rate as it is, as the Fed prefers to see more data indicating a sustainable decline in inflation.
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