Global gold prices rose today, Wednesday, 23, October achieving a new record high near the levels of 2758 dollars per ounce, and we still expect further rises in the coming period.
Gold futures also rose by 0.3%, setting a new record near the levels of 2770 dollars per ounce earlier in the session.
This new rise reflects the demand for Safe Haven due to geopolitical uncertainty, international tensions and changing monetary policies, as investors continue to fear a wider conflict in the region as Israel continues its attacks on Gaza and Lebanon, with the possibility that the entity will carry out a strike on Iran in a few days, which makes gold an attractive option.
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 3750 pounds.
The price of 24-karat gold also rose on Tuesday to levels of 4286 pounds, and 18-karat gold recorded levels of 3215 pounds per gram.
It is worth mentioning that the dollar price in Egypt within the official banks rose today to trade near the levels of 48.77 pounds, with the dollar price rising in the parallel market inside Egypt to the levels of 49 pounds.
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