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Source:
الوطن
Gold price sees sudden 100-pound shift
Gold prices in Egypt experienced a significant increase today, with the price of 21-karat gold rising by 100 Egyptian pounds to approximately 6,550 pounds per gram. This uptick was influenced by a roughly 1.2% rise in the global gold ounce price, from $4,519.85 to $4,574.42, along with declining U.S. bond yields and a weakening dollar. These factors prompted investors to turn to the precious metal as a safe haven amid geopolitical tensions.
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