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Egypt gold prices rise slightly mid-day
Gold prices rose in the local market and the global stock exchange during midday trading today, Tuesday, supported by a decline in the dollar and U.S. Treasury yields, as well as a decrease in expectations of interest rate hikes in October. In Egypt, the price of a gram of 21-karat gold was approximately 6,150 Egyptian pounds, an increase of about 15 pounds from yesterday. Additionally, the ounce rose by 33 dollars to reach 4,175 dollars. In international markets, the ounce increased by one dollar, from 4,141 to 4,142 dollars, amid falling U.S. Treasury yields and a weaker dollar, which helped gold recover despite the pressures from high yields that tend to reduce its attractiveness.
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