Gold steadies as traders weigh outlook for Fed rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
Egypt has lifted a ban on the export of gold due to increasing economic and political stability, the government said in a statement on Saturday.
The government decided on Feb. 27 to ban exports of gold until June 30 — a decision which the statement issued on Saturday said was aimed at “guarding Egyptian national security and to stop smuggling of the country’s wealth abroad”.
