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بوابة أخبار اليوم
Gold waits for key data and inflation
The article discusses the stability of gold prices in the local market during Saturday, September 5, 2026, following weekly losses of about $25 per ounce. The price of 21-karat gold per gram has dropped to approximately 6,320 Egyptian pounds. This global decline in gold was driven by American economic data showing a strong labor market, with 162,000 new jobs added in August and the unemployment rate falling to 4.1%, increasing expectations for continued tightening of monetary policy. Rising U.S. Treasury yields and the strengthening dollar have put additional pressure on gold prices, while upcoming inflation data and the Federal Reserve’s upcoming meeting will determine the future direction of prices. The local market has been affected by the global decline, with prices remaining stable so far. The craftsmanship fee ranges between 3% and 7%. The reasons for gold’s decline are linked to rising yields and monetary policy expectations.
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