Egyptian gold prices edge up in early trading, then retreat amid weaker global ounce

Gold prices in Egypt rose in early Sunday trading before easing by evening, while the global ounce slipped below $4,000.

• The 24-karat gold gram rose 11 EGP to 7,188 EGP on Sunday versus Saturday's close.
• Prices retreated about 15 EGP by evening trading, former gold division secretary Nady Naguib said.
• The global ounce fell 0.71 percent to about 3,996 dollars, according to Bloomberg data.
• The dollar rose to 55.70 EGP against the pound in Sunday trading.