Egyptian gold prices today reach 5970 EGP for 21K

Gold prices in Egypt today, Friday, have seen a noticeable increase at the start of trading, coinciding with a rise in global metal prices due to falling oil prices and anticipation of U.S. non-farm employment data, which influences interest rate expectations. The price of 21-karat gold, the most popular in Egypt, is approximately 5,970 pounds for sale and 5,920 pounds for purchase, while the price of a gold pound reaches around 47,760 pounds. Globally, the spot price of gold has risen by 0.6% to $4,262.39 an ounce, supported by expectations of an end to the conflict in the Middle East and reduced inflation forecasts, despite the fact that rising interest rates decrease its appeal as an inflation hedge.

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