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Gold prices in Egypt rise with ounce gains
Gold prices in Egypt rose significantly today, with the price per gram of 21-karat gold reaching around 6,000 pounds, marking its highest level in several weeks. This increase is due to the ongoing rise in global gold prices to their highest levels, with the ounce reaching $4,158.70. Despite the dollar's decline within banks to 51.30 pounds, demand for the precious metal as a safe haven continues. Experts expect that as long as the ounce stays above $4,100, local prices are likely to remain high, as investors remain watchful of geopolitical developments and U.S. monetary policy.
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