23 Hrs
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المصري اليوم
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Gold Prices Stable at 6,300 Pounds
The local gold price remained relatively stable, with the 21-karat gold price holding at 6,300 Egyptian pounds. Meanwhile, the international ounce price declined slightly to approximately $4,397. This situation follows losses in the global ounce price due to strong U.S. employment data and oil price fluctuations, amid anticipation of key American economic data that could influence the Federal Reserve's interest rate decision. The availability of supply reflects a balanced market, with short-term pressure on gold from yield movements continuing; however, institutional demand supports expectations of a sustained long-term upward trend.
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