Gold Prices Ease in Egypt as Rising US Yields Weaken Bullion Appeal

Egypt’s gold market moved lower during the week between 11 and 17 May despite continued weakness in the Egyptian pound, highlighting a broader shift in investor sentiment as rising US Treasury yields and softer haven demand weighed on bullion prices. By Sunday, the gold sovereign had fallen to around EGP 55,200, down roughly EGP 800 […] The post Gold Prices Ease in Egypt as Rising US Yields Weaken Bullion Appeal appeared first on The Middle East Observer.