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Egyptian gold market evening trends
The Egyptian gold market experienced a strong increase during Thursday, September 3, 2026. The price of the 21-carat gold surged by approximately 210 pounds, reaching 6,410 pounds per gram, in line with the global rise in the price of an ounce, which exceeded $4,500. This rise is directly linked to the crossing of the $4,500 level in the international ounce price and the US dollar to Egyptian pound exchange rate, amid market anticipation of US monetary policy moves and employment data that could influence interest rate expectations. This increase reflects the fluctuations in global markets and their direct impact on local prices. It is expected that gold prices will continue to fluctuate depending on the ounce price and the dollar exchange rate throughout the remaining trading sessions.
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