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Egypt gold prices rise 6.4% in July
Gold prices in Egypt increased by 6.4% during July 2026, starting at a level of 6,000 Egyptian pounds for 21-karat gold, a key resistance level. However, prices experienced fluctuations as buying and selling activities resumed. Today, the 21-karat gold price stood at 5,985 pounds, amid ongoing market attempts to break through the 6,000-pound level, reflecting growing bullish momentum in preparation for determining the next trend. Globally, gold regained momentum after the halt of military operations between the United States and Iran, with the price of an ounce jumping over 1% to nearly $4,100, supported by a declining dollar and falling oil prices, both of which bolstered safe-haven assets. Expectations indicate that if gold remains stable above $4,100 per ounce, it could pave the way for testing resistance at $4,170. Meanwhile, the price of 21-karat gold stays at 6,000 pounds, with a breakthrough of this level necessary to target higher levels in the coming period.
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