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Gold 18-carat remains at 5417 EGP
The price of 18-karat gold in Egypt remains at 5,417 pounds as the gold market awaits the release of US employment data, which will impact the global and local trajectory of the precious metal. The stability is attributed to weak local demand, the strengthening of the Egyptian pound against the dollar, and market anticipation of US employment figures that could alter interest rate expectations. These results will determine the future direction of gold prices, whether stronger or weaker than expected. The market is waiting for a clear signal to either fill the price gap or confirm predictions of a rise or fall in prices.
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