5 Days
Source:
مصراوي
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Gold Defies Global Slide
Gold prices in Egypt rose 5.57% from the start of 2026 through the end of October, with the price of a gram of 21-karat gold climbing from EGP 5,840 to EGP 6,165. This came despite the global price of an ounce falling 10.5% from the start of the year and more than 30% from its record high in January. The divergence in local performance was driven by the dollar’s rise against the pound, from around EGP 47.25–47.37 to EGP 56.05, which limited the impact of global losses on Egypt’s market. The ounce fell amid a stronger dollar, higher yields and shifting interest-rate expectations, as well as profit-taking and investors liquidating positions to raise cash and cover losses in other markets.
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