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مصراوي
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Egypt gold at 5-year low
Egyptians’ gold purchases totaled 9.7 tonnes in the third quarter of 2026, their lowest quarterly level in five years, down 12.6% from the previous quarter and 3% year on year, according to the World Gold Council. The council attributed the decline to pressure on household budgets—including subsidy cuts, persistent inflation and high interest rates—which weakened purchasing power and reduced demand for gold jewelry. By contrast, the weaker pound boosted the appeal of gold bars and coins as a means of saving and hedging.
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