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Source:
المصدر
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Egypt Gold Down 60 Pounds
Gold prices in Egyptian markets fell by around EGP 60 during Tuesday’s trading, with 21-karat gold reaching about EGP 6,200 per gram, 24-karat gold about EGP 7,086, and 18-karat gold about EGP 5,314. The gold pound was priced at EGP 49,600. The decline followed profit-taking after gains in the previous session, as markets awaited U.S. inflation data and what it might signal about the Federal Reserve’s interest-rate path. Globally, gold traded at around $4,076 an ounce, while the report noted that strength in the U.S. labor market had pushed expectations of a December rate hike to about 84%.
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