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The price of gold in Egypt today recorded 24-karat at 6,651 Egyptian pounds, influenced by global gold ounce prices, as well as the effects of the US dollar exchange rate and expectations about U.S. monetary policy, which decided to keep interest rates at 3.5%. Additionally, the prices of other precious metals declined, with silver dropping by 0.5% to $55.22 per ounce, platinum falling by 0.7% to $1,605, and palladium decreasing by 0.4% to $1,244. These metals are heading toward weekly losses. The continued rise of the dollar and US Treasury bond yields is putting pressure on the global gold market, with prices remaining affected by the future direction of US monetary policy.
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