Gold in Egypt reduces losses to 65 pounds

Gold prices in Egypt have seen a reduction in their losses, with the price per gram decreasing by about 65 pounds to close below 7,000 pounds, after suffering losses of 100 pounds earlier in the day. Overall, gold prices declined by approximately 3% during the day, amid a drop in global prices to $4,143 per ounce, driven by concerns over rising U.S. interest rates and easing geopolitical tensions. Additionally, the 24-karat gold rate reached 6,925 pounds, 21-karat gold was priced at 6,060 pounds, and the gold pound (jinnik) was valued at 48,480 pounds.

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