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Experts Assess if Gold Is a Good Buy After Price Drop
The gold market experienced a sharp decline in prices, with the global price of an ounce of gold dropping by $100 to reach approximately $4,086. Meanwhile, the local price of 21-karat gold per gram fell by about 300 Egyptian pounds to reach 6,050 pounds, presenting an opportunity for buying, especially for long-term investors. However, expectations remain that prices may improve in the coming period, although there are warnings of ongoing declines due to current economic factors such as the rising dollar and the potential increase in US interest rates.
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