Gold drops 40 pounds mid-trading

Gold prices declined today, Saturday, with the price of a 21-karat gram reaching approximately 6,010 Egyptian pounds, down 40 pounds from the opening level. This decrease was due to weak demand and steady dollar rates. The performance of the yellow metal was also affected by the rising yields of U.S. bonds and the strength of the dollar. Meanwhile, markets are awaiting developments in geopolitical events and American economic reports. The gold exchange closed its weekly trading session at a price of $4,155 per ounce, while monitoring the impact of these factors on the market.

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