Gold prices fluctuated today, Wednesday, November 6, between falling and rising, especially after the news of Trump's victory in the 2024 US presidential election, it is known that gold is considered a safe haven in times of economic and political crises, as investors resort to it as a way to protect their money from market fluctuations.
The price of the precious metal is currently trading near the levels of 2725 dollars per ounce, and the markets are also waiting for the Federal Reserve's monetary policy announcement on Thursday, with markets widely expecting a quarter-point cut.
In addition, expectations of interest rate cuts from other major central banks may give additional support to the attractiveness of gold.
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 3850 pounds.
The price of 24-karat gold also rose today to levels of 4399 pounds, and 18-karat gold recorded levels of 3300 pounds per gram.
The price of the goldsmith's dollar in Egypt also rose to the levels of 49.80 pounds, boosting the price of gold in Egypt, and the dollar rose inside the official banks today near the levels of 49.20 pounds, with the dollar price also rising in the parallel market inside Egypt to the levels of 49.50 pounds.
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