Gold price falls 25 pounds after Fed decision
The gold price in Egypt today, Thursday, July 30, 2026, has decreased by 25 Egyptian pounds following the U.S. Federal Reserve's decision to hold interest rates steady at 3.5%. This has led to a global increase in the price of an ounce by approximately 11%, reaching over $4,063. This local decline is influenced by the Federal Reserve's decision impacting the international market, while geopolitical tensions and rising oil prices are also factors affecting gold prices overall, with forecasts expecting the price of an ounce to reach $6,000 by 2026 due to these conditions. Experts recommend closely monitoring prices in real-time and purchasing gold during dips to reduce manufacturing costs.
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