23 Hrs
Source:
اليوم السابع
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Gold price steady on September 7
The price of 21-karat gold in Egypt remained at 6,320 Egyptian pounds per gram at the start of the week’s trading, after a decline of about 30 pounds last week, which is a 0.5% decrease. This comes amid anticipation of global gold price movements, especially as investors watch US monetary policy and the dollar's exchange rate against the Egyptian pound. Local demand has decreased, and increased reverse sales from consumers have put downward pressure on prices, while gold failed to break through the resistance level of 6,400 pounds. On the global level, gold continues to find strong support between $4,310 and $4,330 per ounce, with the US dollar's value remaining influential on the local market.
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