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بوابة أخبار اليوم
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Gold drops $30 at Friday open
Gold prices declined today, Friday, August 14, 2026, by about $30 per ounce, reaching approximately $4,321. This drop was influenced by profit-taking, assessments of U.S. monetary policy outlooks, and rising geopolitical tensions, especially regarding the Iranian conflict. In the local Egyptian market, the price of 21-karat gold remained steady between 6,235 and 6,250 Egyptian pounds, with slight variations among traders. Globally, the price of an ounce decreased, and this is expected to impact the local market alongside movements in the dollar exchange rate, supply, and demand. Despite the decline, gold prices remain at high levels following last week's gains of around 190 pounds per gram and $297 per ounce, driven by expectations related to Federal Reserve policies and geopolitical developments.
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