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Economist links US rate hikes to global markets
The article explains why gold is considered a financial refuge for some families during emergencies, as it serves as a cash reserve stored for use in times of economic crises. Experts noted that approximately 90 billion Egyptian pounds are allocated to support economic activity as a strategic measure to boost the private sector. Additionally, gold prices experienced a sudden surge, with 21-karat gold increasing by 40 pounds and the ounce gaining 27 dollars, reflecting market movements and the crisis's impact on the value of the yellow metal.
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