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Gold price remains steady at 7326 EGP
The price of 24-carat gold in Egypt remained steady at 7,326 Egyptian pounds per gram on Friday, following a recent strong increase due to the worldwide rise in gold prices above $4,500 per ounce. This level supports higher gold prices locally. The global gold price directly influences the 24-carat variety and impacts the local market movements alongside factors such as the US dollar exchange rate and supply and demand levels. The stability in price comes amid expectations of important US economic data that could affect interest rate forecasts and the global gold trend, especially with the ounce continuing to trade above $4,500.
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