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Egypt gold prices steady on Tuesday

Egypt gold prices steady on Tuesday

The price of gold in Egypt remained steady this Tuesday morning, at around 5,860 Egyptian pounds per 21-karat gram, following a modest decrease the previous day. Global gold prices continue to recover, with the ounce staying above $4,000. Local demand for gold jewelry has increased during the summer holiday season, leading to higher premium prices and a gradual decrease in the dollar exchange rate against the Egyptian pound. However, price movements remain influenced by global developments and exchange rate fluctuations, with a warning of ongoing volatility in the local market.

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