Gold prices rose globally near the levels of 2610 dollars per ounce on Wednesday, recovering slightly from a two-month low ahead of US inflation data to be released today.
Traders now see a 62% chance of another interest rate cut in December, down from around 80% before last week's election.
US bond yields and the dollar are still rising this week after Trump's victory in the US presidential election, as rising bond yields raise the alternative cost of holding non-yielding assets such as gold and silver.
On the other hand, gold prices rose in Egypt Today, Wednesday, where the price of the 21st highest traded gold in Egypt is trading near the levels of 3650 pounds.
The price of 24-karat gold also rose today to levels of 4170 pounds, and 18-karat gold recorded levels of 3129 pounds per gram.
The price of the goldsmith's dollar in Egypt is still trading steadily near the levels of 49.70 pounds, while the dollar price inside official banks rose today to the levels of 49.35 pounds, also the dollar price in the parallel market inside Egypt has been trading steadily since yesterday near the levels of 49.55 pounds.
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