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اليوم السابع
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Egypt Gold Prices Stabilize
Gold prices in Egypt have experienced relative stability, with limited movements in the 21-karat purity near 6,400 Egyptian pounds. This comes despite a decline in global prices and increasing pressures caused by the rising US dollar and the impact of tensions in the Middle East on global markets. International gold prices fell by 0.8%, reaching their lowest level in two months at around $4,268 per ounce, due to US labor market data indicating ongoing interest rate hikes, along with tensions between Iran and Israel that have driven up oil prices. Market expectations suggest continued pressure on prices due to the strength of the dollar and bond yields.
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