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المصري اليوم
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Gold Price Today August 1 2026
Today, Saturday, August 1, 2026, the price of gold experienced a decline in the Egyptian markets. The 21-karat gold, the most traded karat, decreased by 10 Egyptian pounds yesterday according to the latest updates in the gold market. This decline is a result of global movements in gold prices following the U.S. Federal Reserve's decision to keep interest rates steady. Globally, the ounce was valued at around $4,043, with expectations that prices will stabilize around $4,100 in the second half of 2026. There is also a possibility of prices rising to $4,500 or even $5,000 if geopolitical or economic tensions escalate. Local gold prices are heavily influenced by international fluctuations, especially the exchange rate of the local currency against the dollar, making the Egyptian market vulnerable to continued volatility.
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