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Gold Prices Stabilizing, Rise Possible
Gold prices temporarily paused their rise after the global market stabilized, as the decision by the U.S. Federal Reserve to keep interest rates unchanged helped support the yellow metal. This led to the continuation of the upward trend and improved expectations of nearing the $4,000 per ounce level. Experts explained that maintaining this trend depends on a calm political and economic climate worldwide, while local market prices are also being monitored. In Egypt, the price of a gram of gold increased by 5.3% during July, reaching 5,940 Egyptian pounds.
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