23 Hrs
Source:
اليوم السابع
Egypt gold prices today after Fed decision
Gold prices in Egypt today, Thursday, September 17, 2026, were directly affected by the U.S. Federal Reserve's decision to raise interest rates by 0.25%, bringing the rate to a range of 3.75% to 4.00%. This is the first such increase in many years. Despite this rise, the global gold price increased to nearly $4,345 per ounce, surpassing expectations that predicted a decline. This surge was driven by Fed officials' statements regarding the future of monetary policy, increasing inflationary pressures, rising energy prices, and geopolitical tensions. In the Egyptian market, the price of 24-karat gold was approximately 7,234 pounds, while 21-karat gold reached 6,330 pounds per gram. The price of the gold pound hit 50,640 pounds. The rise in interest rates impacts gold prices through its effect on the dollar and bond yields; however, global movements in the ounce continue to be the primary factor in determining local trends.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)