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Gold prices rose today, Thursday, September 17, 2026, following the U.S. Federal Reserve's decision to increase interest rates by 25 basis points, bringing the rate to the range of 3.75%–4.00%. Despite the rate hike, global gold prices advanced, trading near $4,345 per ounce, influenced by expectations regarding the direction of monetary policy amid ongoing inflation pressures, rising energy prices, and geopolitical tensions. In the Egyptian market, 24-karat gold priced at 7,234 pounds, 21-karat at 6,330 pounds, and the gold pound at 50,640 pounds, with prices being monitored in relation to global ounce movements.
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