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اليوم السابع
Markets await key event after gold stability
Gold prices in the Egyptian market increased significantly during the current week, remaining stable as investors awaited the results of the U.S. Federal Reserve meeting and the geopolitical tensions related to the Iranian conflict. The price of one ounce of gold globally reached approximately $4,052.83, which kept the gold price in Egypt above 5,900 pounds per gram, with a key psychological resistance at 6,000 pounds. Additionally, the Egyptian pound strengthened against the dollar by more than 4.5% since the beginning of July, due to geopolitical repercussions, which supported gold prices and mitigated the impact of the global decline. The market is watching the Federal Reserve’s decisions, which could determine the direction of gold prices in the second half of 2026, amidst ongoing regional tensions and their influence on market performance.
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