Gold prices continue to decline on Wednesday morning ...Egypt

EGYPT INDEPENDENT - News
Gold prices continue to decline on Wednesday morning
Gold prices continued to decline at the beginning of trading on Wednesday morning, after recent successive increases. The decline was driven by the decline in the price of the US dollar in the local market against the Egyptian pound, amid a state of anticipation that dominated traders, especially with the expected central bank decisions regarding interest rates, along with the decisions of the US Federal Reserve, which is the main driver of global prices. The price of a gram of 24-karat gold decreased on Wednesday to LE 1214. The decline in the price of 24-karat gold on Wednesday reached LE20, compared to Tuesday’s prices. The price of a gram of 21-karat gold decreased on Wednesday to LE 1

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