Gold prices surge with $87 increase

Gold prices experienced a strong rise, with the ounce increasing by about $87 to reach $4,119, supported by expectations of interest rate cuts by the U.S. Federal Reserve and a slowdown in the labor market. Locally, the price of a gram of 21-karat gold increased by more than 100 Egyptian pounds, reaching approximately 5,810 pounds, as the market awaits developments in the global scene and the dollar.

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