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Egypt Gold Prices Hover at 6555 Pounds
Gold prices in Egypt remained steady today, Saturday, August 22, 2026, following a wave of increases that pushed the precious metal to its highest level in about three months. This surge was driven by a global rise in the ounce price and fluctuations in the US dollar exchange rate. The price of 21-karat gold per gram held at 6,555 Egyptian pounds, the highest demand level. Price stability is linked to the pause in international trading during the weekend, while traders await the resumption of markets to determine the direction of prices. The future of the precious metal is primarily influenced by the movement of the global ounce price, the dollar rate, and the balance of supply and demand in the local market. Short-term outlook remains positive if the ounce price stays above the $4,500 level.
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