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Gold increases by 10 pounds today
The price of gold in Egypt today, Thursday, August 6, 2026, increased by 10 Egyptian pounds, bringing the 21-karat gold to 5,960 pounds. This rise is driven by strong global gains, supported by market reactions to U.S. economic data showing an increase in private sector employment. Meanwhile, the U.S. Federal Reserve's decision to keep interest rates unchanged at 3.5% for the sixth consecutive time remains in effect. Expectations anticipate the gold price reaching $6,000 per ounce in 2026, fueled by geopolitical tensions, rising oil prices, and the global reduction in interest rates.
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