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Gold rates in Egypt August 8
The article discusses the stability of gold prices today in Egypt, Saturday, August 8, 2026, during the morning trading session. This stability is due to the halt of both local and global markets because of the weekend holiday, following a strong rally in the global ounce price at the end of the week. It was noted that the price of a 21-karat gold gram in Egypt remains steady at 6,080 pounds, while the global price of an ounce of gold increased by 1.5% to nearly $4,316, reaching its highest level in seven weeks. The continued demand for gold as a safe haven supports this upward trend. It was emphasized that local gold performance is mainly influenced by the movement of the US dollar’s exchange rate against the Egyptian pound, and that maintaining trading levels above $4,200 an ounce supports future upward directions. Markets are also closely watching economic and political developments that may impact the yellow metal’s prices.
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