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Gold 18K price on August 6 2026
Today in Egypt, the price of gold for 18-karat measures 5,109 Egyptian pounds, while 24-karat gold is priced at 6,811 pounds. This comes amid a continued rise in global gold prices, driven by market reactions to U.S. economic data, including an increase in employment rates, as well as escalating geopolitical tensions, particularly the American-Israeli war against Iran. These developments have led to expectations that gold prices could reach around $6,000 per ounce, amid ongoing global interest rate cuts, with the Federal Reserve aiming to reduce inflation by up to 2%.
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