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Gold prices slightly fall to 4,958 pounds
The price of a gram of 21-karat gold reached 5,785 Egyptian pounds today, down by 5 pounds from the start of trading. Meanwhile, the price of a gram of 24-karat gold was approximately 6,612 pounds, and a gram of 18-karat gold was around 4,958 pounds. The global price of an ounce remained steady at $4,089. The exchange rate of the dollar against the Egyptian pound decreased to 49.46 pounds, which helped stabilize the local market amid pressures from the worldwide increase in gold prices and ongoing expectations of rising U.S. interest rates. The market is characterized by caution, with traders awaiting the results of U.S. monetary policy decisions and their impact on precious metal prices.
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