Gold price futures rose by 0.1% to reach the levels of 2682 dollars per ounce, which is approaching all-time highs before today's key US economic data represented by non-farm payroll data and employment rates, which are expected to affect the upcoming Gold movements.
The prospects for a 50-basis-point interest rate cut by the Fed in November have narrowed, as investors are now closely watching any development in the Middle East, and gold is likely to rise again amid increasing risks of the Israeli-Iranian conflict turning into a broader regional war.
The precious metal continues to benefit from continued optimism about interest rate cuts in the United States, and a low interest rate environment usually enhances the attractiveness of the precious metal.
On the other hand, gold prices rose in Egypt Today, Friday, where the price of the 21st highest traded gold in Egypt is trading near the levels of 3590 pounds.
Today, 24-karat gold recorded levels of 4103 pounds, and 18-karat gold recorded levels of 3077 pounds per gram.
The dollar rate in Egypt also did not change within the official banks today and remained constant near the levels of 48.42 pounds per dollar, with the dollar price remaining stable in the parallel market inside Egypt, which recorded levels of 48.68 pounds per dollar.
For more follow-up and real-time prices, you can visit our website from here
You can download our application from Google Play and Apple Store here
