16 Hrs
Source:
المصري اليوم
Gold price shifts after U.S. rate hike
The impact of the U.S. interest rate hike on gold prices was limited, as the decline in prices did not last more than 48 hours, with prices returning to previous levels afterward. Currently, gold is trading around $4,300 per ounce, fluctuating between $4,200 and $4,400 in global markets. In the local market, the gold price decreased by approximately 135 Egyptian pounds during the week, with the price of a gram of 21-karat gold reaching about 6,240 pounds at the end of the week, compared to 6,375 pounds at the start. Meanwhile, 24-karat gold recorded approximately 7,131 pounds.
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