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Gold prices on August 18 2026 climb with dollar increase
Gold prices in Egypt experienced a slight increase at the start of trading on August 18, 2026, amid fluctuations in the global gold price and a rise in the US dollar exchange rate against the Egyptian pound to 50.50 pounds, which impacts gold prices in the Egyptian market. The price of 24-karat gold was around 7,160 Egyptian pounds per gram, while 21-karat gold was approximately 6,270 pounds. Recently, gold prices have maintained a level close to 6,250 pounds per 21-karat gold, as the market endeavors to regain upward momentum, targeting a resistance level at 6,300 pounds. The exchange rate of the dollar, along with factors related to the global ounce price, supply and demand, are the main determinants of the trend in Egyptian gold prices.
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