94 Days
Source:
CNN Arabic
Gold prices fall again in Egypt
Gold prices have fallen in both the Egyptian and global markets, influenced by geopolitical developments related to the America-Israel war on Iran, as well as expectations regarding U.S. monetary policy, which have increased the likelihood of continued interest rate hikes. The price of an ounce decreased by about 2%, reaching around $4,172, while the price of a 21-karat gold gram in Egypt dropped to approximately 6,150 Egyptian pounds. This has coincided with increased selling activity and a shift by investors toward alternative investment tools. This decline reflects a sense of economic and political uncertainty, with expectations that prices will rebound later once markets stabilize.
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