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Egypt Gold Prices Rise Slightly Today
Gold prices locally and globally rose today, Tuesday, supported by a decline in the dollar and U.S. Treasury yields, along with reduced expectations of interest rate hikes in October. The price of a gram of 21-karat gold increased by about 15 pounds, reaching 6,150 pounds, while the ounce rose to $4,175. The appeal of the precious metal improved despite the continued high yields acting as a pressure factor. The key reason for this is the decline in U.S. yields and the dollar, which led to steady gold prices and slight gains following the drop in yields and the dollar's value.
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