Global Gold Prices Rise as the Ounce Narrows Losses of Over $80

Global gold prices saw an increase today, Friday, July 17, 2026, as the ounce rose by $25 to reach $4,001, after declining by more than $80 yesterday in an effort to recover from losses totaling around $84. Despite this rise, the ounce remains below the week's opening level of $4,120, as markets await U.S. economic data and geopolitical developments that could influence Federal Reserve policies. In the Egyptian market, gold prices remained steady at yesterday's closing levels, with traders monitoring global market trends. The price of 24-karat gold per gram hovered around 6,605 Egyptian pounds, and 21-karat was approximately 5,780 pounds, amid expectations that upcoming economic data will impact price movements both locally and globally.

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