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المصدر
Egypt gold prices climb by 25 pounds
Gold prices in Egypt rose on Monday, with the price of a 21-karat gram increasing by about 25 Egyptian pounds to reach 6,175 pounds. Despite a decline of approximately $23 in the global ounce price to around $4,178, the US dollar remains strong, and investors are awaiting US inflation data that could influence future interest rate movements. Globally, the ounce price increased by 1.3% last week, while local gold prices continue to be affected by the dollar exchange rate, which is around 52.68 pounds, amid expectations of rising inflation and potential increases in US interest rates in the near future. The market anticipates that upcoming US inflation data will impact gold price trends, as investors closely watch the Federal Reserve’s decisions regarding interest rates.
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