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Egypt gold price stable June 6 2026
The price of 24-karat gold in Egypt experienced a significant decline, reaching its lowest level in about three months, amid a global drop in the ounce price by 2.5% to approximately $4,367. This decline was driven by strong American economic data that heightened expectations of continued interest rate hikes in the United States. The rise in the dollar and bond yields contributed to the ongoing price decline, as markets await the Federal Reserve's decisions and dollar movements. Meanwhile, gold remains a key indicator of market trends.
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