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Egypt gold prices today
Gold prices in Egypt today, Saturday, experienced a significant decline. The 24-karat gold reached approximately 7,434 Egyptian pounds, influenced by a global drop of 2.5% in the ounce to around $4,367 after strong American data. This data led to expectations of longer-term U.S. interest rate hikes. The decline is also attributed to the rise of the U.S. dollar and bond yields, amid ongoing concerns over inflationary pressures resulting from the Middle East conflict, despite gold still being considered a safe haven.
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