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Gold declines by 100 pounds
Gold prices in the local market have decreased by 100 Egyptian pounds, with the 21-karat gold, the most sold in Egypt, registering a price of 5,875 pounds per gram, compared to 5,975 pounds at the end of yesterday's trading session. This decline is influenced by falling prices in international markets and anticipation of rising U.S. interest rates. Additionally, global gold prices dropped by more than 1% due to the continued strength of the dollar and expectations that the U.S. Federal Reserve will raise interest rates in the future.
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