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Gold price steady at 6410 pounds
The gold price in Egypt remained at 6,410 Egyptian pounds per gram for 21-karat gold today, Friday, September 4, 2026, after a strong rally in the local market on Thursday. This rise was supported by the global increase in the price of an ounce, which exceeded $4,500. The stability follows a wave of gains driven by increased demand and the global rise in gold prices, influenced by the US dollar exchange rate and supply and demand factors. Markets anticipate that gold prices will continue to be affected by US economic developments, especially labor market data, with the continued support of the ounce price staying above $4,500 unless a global correction occurs.
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