Gold dips on Gulf tensions

Gold prices in local and international markets have declined, influenced by the rising US dollar and tensions in the Strait of Hormuz. The price of a gram of 21-karat gold reached approximately 5,830 Egyptian pounds, while the ounce fell to $4,139. Prices are expected to stabilize or rise in the future if geopolitical risks increase or if expectations of a US interest rate hike diminish.

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