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Egypt gold prices August 4 2026
Gold prices in Egypt stabilized today, Tuesday, August 4, 2026, at 5,840 Egyptian pounds for the 21-karat standard, amid a state of balance in the local market despite a limited increase globally. This is due to the decline in the US dollar against the Egyptian pound, which reduced the impact of global price rises on local prices. Investors are also awaiting US employment data that could influence the future trajectory of gold prices. Worldwide, the gold ounce increased by approximately 0.3%, but it still remains above the $4,000 level. Market hesitation continues as traders await the US Federal Reserve’s decisions on interest rates, with expectations of strong resistance between $4,100 and $4,120 per ounce, amid ongoing range-bound trading.
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