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Gold prices June 29 Egypt 2026
Gold prices in the local Egyptian market remained stable at the start of trading, coinciding with the rise of the ounce price in global markets above $4,000, as investors await market developments and fluctuations in the US dollar. The price of 21-karat gold reached approximately 5,770 Egyptian pounds, while 24-karat gold was around 6,594 pounds. Egypt is making efforts to transform itself into a regional hub for gold manufacturing and trade through an strategy extending until 2029, aimed at increasing exports and stimulating innovation. Locally, gold prices are influenced by the performance of the global ounce and the dollar's status, while the market remains cautious, awaiting new incentives.
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