18 Hrs
Source:
اليوم السابع
Gold dips to 2026 lows per analysis
Gold prices in Egypt continue to decline for the sixth consecutive week, reaching the lowest level since early 2026, driven significantly by the global drop in gold prices and the decrease of the dollar against the pound. The price of 21-karat gold started at 6,040 EGP per gram and fell by 3.36% over the week, a loss of 210 EGP, closing at this level after beginning the week at 6,250 EGP. The decline in gold is driven by several factors, including the global decrease in gold prices following the Federal Reserve's meeting, a drop in the US dollar exchange rate against the Egyptian pound, and increased foreign investment inflows into the Egyptian market. These factors have contributed to reduced demand for the dollar, leading to its lower exchange rate and a rise in its supply.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)