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Global gold prices rise amid cautious market optimism

Global gold prices rise amid cautious market optimism

Global gold prices experienced a strong rise at the start of today's trading session, with the price of an ounce exceeding $4,044—more than $30 higher than the previous session—recovering part of its earlier losses. This increase comes as investors turn to the precious metal as a safe haven amid escalating geopolitical tensions, particularly the ongoing war between Iran and the United States, and market anticipation of U.S. inflation data that could influence American monetary policy. Locally, the price of 21-karat gold remained stable between 5,830 and 5,850 Egyptian pounds per gram, with expectations that global price movements and the dollar exchange rate will impact the Egyptian market.

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