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Egypt Gold Price Monday: 21K at 6100 LBP
Gold prices in Egypt declined today by about 130 Egyptian pounds per gram, with the 21-karat gold reaching approximately 6,100 pounds. This coincided with a global decrease in the price of an ounce by 3.2%, falling to around $4,149—its lowest level in seven weeks. This drop was directly caused by the sharp decline in global gold prices, along with factors such as rising oil prices and the strength of U.S. bond yields, all of which exerted pressure on local gold prices. Markets are now closely watching key U.S. economic data like inflation and employment figures, which will influence gold and dollar movements in the coming period.
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