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Gold at 6600 pounds, prices up
Gold prices in Egypt have increased significantly, with the price of a 21-karat gram rising by about 45 pounds to reach 6,600 pounds. This marks it near its highest levels in three months, supported by the strength of global gold and movements in the US dollar exchange rate. The rise follows a 4% increase in the 21-karat gold during the past week, while the international ounce price remains above $4,500. Surpassing the 6,500-pound level for 21-karat gold is considered a key milestone, and stabilizing above this level could support further upward movement. Gold prices in Egypt are closely linked to global ounce prices and the dollar rate, with the 6,600-pound mark serving as an indicator of market trends in the upcoming period.
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