Weekly Gold Analysis - Second Week of May 2024
Gold prices have continued to hit record highs, surpassing $2,400 per ounce by the end of the week. This surge is driven by geopolitical tensions, new US sanctions on Chinese goods, and technical market factors. In Egypt, gold prices rose slightly, with 21-carat gold reaching 3,180 EGP per gram, and 24-carat gold at 3,646 EGP per gram.
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