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Today’s gold price update at 7,277 EGP
The price of gold in Egypt today records 24-karat at 7,277 Egyptian pounds, as markets await U.S. employment data that could influence interest rate expectations and global gold prices. Locally, prices are affected by the performance of the ounce on the global exchanges, fluctuations in the dollar exchange rate, and U.S. monetary policy. The direction of gold prices in Egypt depends on the strength of the dollar and U.S. Treasury bond yields, with gold remaining in demand as a safe haven amid rising yields. Meanwhile, the price per gram of 21-karat gold is around 6,385 pounds, and the price of a gold pound is approximately 50,100 pounds.
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