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2026-09-11T13:56:36.510Z

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Gold increases by 45 pounds after US inflation report

Gold increases by 45 pounds after US inflation report

Gold prices in the domestic and global markets rose significantly today, Friday, following the release of U.S. inflation data that showed a slowdown in overall inflation, leading to renewed demand for the precious metal and reduced fears of further monetary tightening. The price of a gram of 21-karat gold increased by 45 Egyptian pounds to reach 6,300 pounds, while an ounce traded at $4,390, amid growing expectations that the Federal Reserve may take action at its upcoming meeting. Despite the slowdown in overall inflation, core inflation remained high, keeping markets cautious—especially after U.S. producer prices rose in August. These gains were accompanied by falls in oil prices, changes in the dollar, and fluctuations in bond yields, as investors await the Federal Reserve's decision next week to assess its impact on gold prices.

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