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المصري اليوم
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Gold prices rise worldwide; chamber issues urgent buying notice
Gold prices worldwide rose today, Monday, with the ounce reaching approximately $4,390, following the resumption of trading in international markets after the weekend holiday. Simultaneously, the price of 21-karat gold per gram in Egypt recorded around 6,240 Egyptian pounds, with expectations of an increase of about 50 pounds in the coming hours due to the global upward trend. The global rise is attributed to growing demand for gold as a safe haven amidst worldwide political and economic tensions, with forecasts indicating a continued upward trajectory in the near future. It is anticipated that the price of an ounce of gold could reach $5,000 before the end of 2026, according to economic expert forecasts. An analysis of the local market indicated that gold prices are primarily influenced by the global ounce price, the exchange rate of the Egyptian pound against the dollar, and the supply and demand dynamics within Egypt.
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