Egypt gold prices steady after Fed decision
On Thursday, July 30, 2026, the price of gold in Egypt remained stable after market fluctuations caused by the U.S. Federal Reserve's decision to keep interest rates unchanged. This decision led to a temporary pause in the precious metal’s movement as investors awaited upcoming U.S. economic data that is expected to influence future monetary policy directions. The price of 21-karat gold reached approximately 5,985 Egyptian pounds per gram, achieving gains of about 150 pounds since the beginning of 2026, approaching the 6,000-pound mark per gram. Gold prices are closely linked to American economic developments and the US dollar exchange rate.
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