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Markets Respond to Fed Decision Gold Prices Updated
Gold prices remained stable today, Thursday, September 17, 2026, in Egypt, following the US Federal Reserve's decision to raise interest rates by 0.25%, bringing the rate to a range of 3.75% to 4.00%. Despite the rate hike, global gold prices increased, nearing $4,345 per ounce, influenced by geopolitical tensions, inflation pressures, rising energy prices, and their direct impact on the dollar and bond yields. The movement of the international ounce is the primary factor influencing gold price trends in the Egyptian market, with 24-karat gold priced at around 7,234 Egyptian pounds, 21-karat at about 6,330 pounds, 18-karat at approximately 5,426 pounds, and the gold pound at 50,640 pounds.
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