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Gold price update: 18-karat at 5,425 pounds
The gold price in Egypt remains stable, with 18-karat gold at 5,425 Egyptian pounds, 21-karat at 6,330 pounds, and 24-karat at 7,234 pounds. This stability is due to the unchanged global price levels, as the gold ounce ended the week around $4,455. Locally, gold prices are influenced by the strength of the US dollar and rising Treasury bond yields. It is expected that price movements will become clearer once global trading resumes and the gold market activity picks up at the beginning of the week, with further fluctuations anticipated depending on the dollar's direction and interest rate trends.
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