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Egypt gold prices June 10 2026 stock plunge
Gold prices in Egypt have decreased today, with 24-karat gold at approximately 6,971 EGP, 21-karat at around 6,100 EGP, and 18-karat at about 5,229 EGP. The downward trend continues due to the negative impact of expectations of a US interest rate hike and a more than 2% drop in the global market. Additionally, inflation data shows that Egypt's annual inflation rate has decreased to 14.6% in May from 14.9% in April, while monthly inflation has risen to 1.6%. Globally, gold prices are influenced by economic concerns and fluctuations in US interest rates.
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