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اليوم السابع
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Gold 18-karat holds at 5368 EGP
The price of 18-karat gold in Egypt remains steady at 5,368 Egyptian pounds per gram, amid anticipation of global price movements and the U.S. Federal Reserve's decision regarding interest rates. 18-karat is still one of the most commonly used purities in gold jewelry, with its price lower compared to 21- and 24-karat gold. Internationally, gold prices declined due to expectations of U.S. monetary policy and rising bond yields. Meanwhile, the increase in the dollar exchange rate to over 52 pounds has supported local price stability despite decreased demand and abundant supply with the start of the school season. It is expected that Federal Reserve decisions will influence gold prices in the future.
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