Gold prices drop to 180 EGP

Gold prices experienced a historic decline both globally and locally. The price of a 21-karat gram dropped to 6,450 pounds, down from an opening level of 6,630 pounds. Additionally, the ounce fell to $4,322 from $4,475. This downturn was influenced by improvements in the US labor market and expectations of interest rate hikes, coupled with markets awaiting the Federal Reserve's meeting in mid-June.

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