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Egypt Gold Up 10 EGP

Egypt Gold Up 10 EGP

Gold prices in Egypt rose by 10 pounds during Saturday’s trading, with 21-karat gold reaching about 6,220 pounds per gram, 24-karat gold 7,109 pounds, and 18-karat gold 5,331 pounds. The gold sovereign stood at 49,760 pounds. Globally, gold ended the week at $4,071 an ounce, up about 5%, with gains supported by a weaker dollar following the U.S. elections. However, it pared those gains toward the end of the week after stronger-than-expected U.S. jobs data bolstered expectations that the Federal Reserve would continue tightening monetary policy.

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