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Egypt gold prices begin June 7
Gold prices in Egypt remained stable at the start of trading on Sunday, June 7, 2026, following a sharp decrease in global prices last week due to economic and geopolitical pressures. This was especially driven by strong U.S. employment data that raised expectations of further tightening in the Federal Reserve's monetary policy. The price of 24-karat gold was approximately 7,371 Egyptian pounds, 21-karat gold about 6,450 pounds, and the gold pound sold for 51,600 pounds. Globally, the price of an ounce of gold declined by 4.7% over the week, reaching its lowest level in two and a half months at $4,311, after breaching important technical levels. This comes amid anticipation of the Iran war negotiations and Federal Reserve policy decisions regarding interest rates.
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