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Gold Prices in Egypt Await Fed Signal
Gold prices in Egypt have maintained their high levels during today’s trading Saturday, September 12, 2026, amid rising global movements in the precious metal and expectations of further price increases following the release of American inflation data, which showed a 0.3% monthly rise and a 3.4% annual increase. The local market is primarily influenced by changes in international gold prices and the exchange rate of the dollar, along with the Federal Reserve's outlook on interest rates, which increases cautiousness and anticipation in the Egyptian gold market. The price of a gram of 24-karat gold is approximately 7,222 Egyptian pounds, 21-karat about 6,320 pounds, 18-karat around 5,418 pounds, and the sovereign (guinea) approximately 50,560 pounds. Gold continues to benefit from geopolitical risks and economic uncertainty, which support demand for the metal as a safe haven, while rising interest rates and bond yield expectations may exert downward pressure on prices globally.
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