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Gold drops to 21-karat level

Gold drops to 21-karat level

Gold prices in Egypt decreased at the beginning of June, influenced by the rise in the dollar and oil prices following military strikes between the United States and Iran, as attention remained on Trump’s decision regarding the extension of the ceasefire. The price of 21-karat gold reached about 6,720 pounds, while the global gold price dropped by 1%, approaching its lowest level at $4,492 per ounce, amid escalating geopolitical tensions, fluctuations in the oil markets, and concerns about their impact on financial markets.

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