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Gold prices in Egypt September 12
Gold prices in Egypt today remain steady at high levels, with 24-karat gold reaching approximately 7,222 Egyptian pounds per gram, 21-karat at about 6,320 pounds, and 18-karat around 5,418 pounds. The price of the gold pound fluctuated to reach 50,560 pounds. This comes amid ongoing impacts on local prices from global gold movements, especially after U.S. inflation data showed a 0.3% monthly increase and a 3.4% rise annually in the Consumer Price Index. Markets are also closely watching the Federal Reserve's decisions regarding interest rate hikes. Gold prices are further influenced by geopolitical tensions and energy prices. Global risks and bond yields continue to support gold as a safe haven, with demand for the precious metal remaining strong during this period.
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