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Gold prices today October 10
The price of 24-karat gold in Egypt today stands at 7,020 Egyptian pounds per gram, following a rise of approximately 40 pounds on Friday due to the recovery of the global ounce gold price, which climbed to $4,185. Market watchers are awaiting the impact of U.S. economic data and Federal Reserve policies. The ounce saw a 1.5% increase, reaching its highest level in a week at $4,207 before retreating slightly toward $4,185, supported by a weakening U.S. dollar and falling bond yields. Locally, demand for the precious metal has declined, and the stability of the dollar around 52.50 Egyptian pounds has led to mixed gold prices, with expectations of more market reactions aligned with global developments.
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