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Gold prices rise 3% amid dollar drop in Egypt
Gold prices in the Egyptian market increased today, amid a significant decline in the dollar's exchange rate against the pound following the announcement of a tentative agreement between the United States and Iran. The agreement aims to reopen the Strait of Hormuz and halt military operations. The 21-karat gold price reached approximately 6,300 pounds per gram, while the dollar dropped to around 50.50 pounds, limiting the impact of the global gold rise, which saw a 3% increase. This came amid positive investment trends and market stability after recent geopolitical tensions.
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