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المصدر
Gold prices in Egypt rise by 120 pounds weekly
Gold prices in Egypt increased by approximately 2% during the week ending October 18, 2026, as the price of the 21-karat gram rose by 120 pounds to reach 6,270 pounds. This occurred despite a decline of about 0.7% in the global ounce price to $4,165. The rise in gold locally was supported by a 2.2% increase in the US dollar against the Egyptian pound, which went up from 52.50 to 53.65 pounds, reducing the gap relative to the global ounce price. Over the week, the price per gram has increased by 160 pounds since the end of September, while the global ounce price has only seen a modest rise of $10, remaining 26% below its peak last January. Markets expect upcoming US economic data to influence interest rate and dollar outlooks, which could, in turn, impact gold prices in the near future.
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