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Is Investing in Gold Funds Better Than Buying 21-Karat Gold at 5,820 Pounds?
The article discussed the stability of gold prices in the Egyptian local market on July 17, 2026. The 21-karat gold price was recorded at 5,820 Egyptian pounds, while the global gold ounce price reached $3,994. Weekly losses amounted to 3.2%, driven by escalated tensions between the United States and Iran and rising oil prices, which increased inflationary pressures and raised expectations of higher U.S. interest rates. The article also noted a growing interest among investors in gold investment funds, which had investments totaling 9.3 billion Egyptian pounds by the end of the second quarter of 2026. This trend is due to the ease of trading and lower investment costs compared to traditional gold purchases, making these funds a preferred alternative, especially for small savers.
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