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Egypt Gold Prices Stable at 6325 Pounds
Gold prices in Egypt have stabilized after yesterday's decline, with the price of a 21-karat gram reaching approximately 6,325 Egyptian pounds. This comes amid ongoing monitoring of global price movements and the dollar's exchange rate. Several factors influence local prices, including the performance of the international market and exchange rate fluctuations, as well as the anticipation of U.S. labor market data that will impact Federal Reserve interest rate decisions. Reports indicated that gold faced selling pressure on Friday due to dollar movements and expectations regarding U.S. monetary policy.
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