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Gold price update for August 20
Gold prices today, Thursday, August 20, 2026, in the Egyptian market started at 6,370 pounds per gram for 21-karat gold, after a rise of about 30 pounds the previous day. Market watchers are closely monitoring global gold movements, the US dollar, and anticipating the Central Bank of Egypt's decision on interest rates. It is expected that the bank will keep interest rates unchanged to maintain the appeal of bond yields amid ongoing inflation. Meanwhile, international gold prices are influenced by Federal Reserve outlooks regarding potential hikes or holds on interest rates in September, along with falling US bond yields and geopolitical tensions affecting the market.
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