7 Days
Source:
اليوم السابع
_1777352142843_145525226.png){kind=small}
Egypt gold prices decline in May 2026
Report on the decline of gold prices in Egypt during May 2026: The price of 21-karat gold decreased from 6,950 to 6,765 Egyptian pounds per gram, a decrease of approximately 2.7%. This decline was driven by a global drop in prices and a 1.34-pound appreciation of the dollar against the Egyptian pound. Additionally, geopolitical tensions eased, prompting investors to shift towards stocks and higher-yield assets. Worldwide, gold prices also fell by $91 per ounce. Prices temporarily stabilized at the beginning of June due to trading suspensions during the weekend holiday. Market analysts expect continued volatility in the markets in the near future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)