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Gold price up 30 pounds today
Gold prices in Egypt today, Friday, August 7, 2026, increased by approximately 30 Egyptian pounds, bringing the price of the 21-karat gold to 6,000 pounds. This rise is attributed to the global increase in gold prices and a decline in the U.S. dollar index, amid anticipation of U.S. employment reports. The gains are driven by geopolitical tensions, expectations that gold prices could reach $6,000 per ounce, ongoing global interest rate cuts, and forecasts of rising inflation resulting from oil prices climbing to around $100 per barrel.
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