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بوابة أخبار اليوم
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Gold poised for weekly $40 gain
Global and local gold prices are heading towards achieving weekly gains of approximately $40 to $45 per ounce, as financial markets await the upcoming meeting of the U.S. Federal Reserve Board scheduled for next week. The meeting is expected to provide indicators on monetary policy directions and interest rates, which directly influence gold movement, given that gold prices are inversely related to interest rates. Additionally, gold prices in Egypt have also increased, with the 21-karat gram registering around 5,990 pounds, an increase of about 140 pounds since the beginning of the week. The international ounce has reached $4,062, as the precious metal continues to serve as a safe haven for investors.
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