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Gold prices trend lower on September 10
The article discusses the latest developments in the gold price in Egypt today, Thursday, September 10, 2026. It recorded stability after an increase of approximately 30 Egyptian pounds, driven by global movements in the price of an ounce, which reached $4,415. The report indicated that gold prices in Egypt have returned to trade below their fair value by about 50 Egyptian pounds per gram of 21-karat gold, due to decreased demand resulting from economic burdens and an increased supply of gold in the local market. Additionally, the report showed that the rise in the US dollar exchange rate was accompanied by an influx of hot money into the Egyptian debt market, with foreign exchange reserves increasing to $57.22 billion in August. This helped stabilize the Egyptian financial market and allowed the exchange rate to move more freely. It was also clarified that global gold prices recently experienced an upward trend following a three-session decline, amid some volatility before the release of US inflation data.
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