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مصراوي
Gold Prices Ease in Egypt
Gold prices in Egypt fell on Friday after rising for two days, weighed down by a drop in the global price of an ounce of gold and a roughly 4% decline in the dollar against the Egyptian pound over the week, bringing it below 54 pounds. The global downturn came as the US dollar recovered and oil returned to trading above $100 a barrel, heightening inflation concerns and expectations that interest rates would remain high. Gold fell 0.3% to around $4,077 an ounce. Despite the decline, 21-karat gold continued to trade above 6,200 pounds per gram. Markets are watching US jobs data and developments in the dollar and oil to assess gold’s direction.
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