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Gold prices decline Wednesday
Gold prices experienced significant declines globally and locally, with the ounce losing more than $50, leading to a drop of 70 Egyptian pounds in the price of 21-karat gold in Egypt. This decline is attributed to fluctuations in the global market and the impact of economic movements and political situations on the precious metal's prices, prompting investors to steer away from purchasing gold. Meanwhile, the market was surprised by the continued drop, with expectations that the decline would persist if the influencing factors continue.
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