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Gold prices in Egypt remained stable today, Thursday, July 23, 2026, following a modest decline of about 10 Egyptian pounds during the morning trading sessions. This reflects a state of equilibrium after a recent surge that brought the price of 21-karat gold close to 6,000 pounds, driven by rising global prices and increased demand for gold as a safe haven. Gold prices are influenced by geopolitical tensions, particularly the U.S.-Israeli conflict with Iran, rising oil prices, and U.S. monetary policy decisions, with the Federal Reserve keeping interest rates steady at 3.5%. Price fluctuations are expected to continue in the coming period, as ongoing global developments, and fluctuations in the dollar and oil prices are closely monitored.
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