24 Hrs
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اليوم السابع
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Egypt gold prices rise despite global halt
The price of gold in Egypt rose unexpectedly during the evening trading sessions, increasing by more than 25 Egyptian pounds despite the halt in trading on the global stock exchange. This was due to increased local demand for the precious metal. The price of a 21-karat gram reached approximately 6,115 Egyptian pounds, while the price of an ounce of gold remained around $4,350 at the global close. Traders anticipate that international trading will resume soon, with close attention to the impact of US economic data on gold prices, which are mainly affected by movements in the dollar and Treasury bond yields. Additionally, the exchange rate of the US dollar, along with supply and demand within the local market, plays a significant role in determining prices. In the Egyptian market, the money is influenced by increased demand despite stable global prices, with market movements expected in the upcoming period.
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