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Today in Egypt, gold prices are showing a slight increase, with 24-karat gold trading at 7,182 Egyptian pounds per gram. The market is influenced by global economic tensions and rising oil prices, which have exceeded $100 per barrel. This comes after the U.S. Federal Reserve announced a 25 basis point hike in the key interest rate, bringing it to a range of 3.75% to 4%, the first such increase in three years. The move is driven by inflation pressures and geopolitical tensions, particularly the ongoing U.S.-Israeli conflict with Iran. These factors are impacting gold prices both locally and internationally, with demand declining due to the strong dollar and rising U.S. Treasury yields.
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