1 Day
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بوابة أخبار اليوم
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Gold rises $40 at open
Gold prices worldwide rose sharply amid ongoing market uncertainty, with the price of an ounce increasing by about $40 to reach approximately $4,643, after weekly gains of around $228. This rise occurs as demand for the precious metal increases as a safe haven, with investors awaiting developments in geopolitical situations and U.S. economic indicators that may influence Federal Reserve policy. In the local market, the gold gram price remained stable at previous levels after weekly gains of 350 Egyptian pounds, with prices of different purity levels ranging between 5,657 and 6,600 pounds, while the 24-karat gold jewel "the gold pound" reached 52,800 pounds. It is worth mentioning that manufacturing fees range from 3% to 7% of the gram's price, and market movement continues to be linked to the developments in the international ounce price and fluctuations in the US dollar exchange rate.
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