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Gold Hits Over Three-Month High
Gold prices rose today, Monday, August 24, 2026, reaching their highest levels in over three months, supported by a decline in the US dollar and investors' expectations of important US economic data during the week. Spot gold increased by 0.9% to nearly $4,643 per ounce, while US futures contracts reached around $4,706 per ounce. This rise followed gains of over 5% last week, driven by the weakness of the US currency and falling bond yields, which attracted investors to safe-haven assets. The market is now awaiting inflation data and Federal Reserve comments as indicators of future interest rates, which will influence the price of gold, an asset that does not produce yields. In Egypt, the price of 21-karat gold per gram rose to approximately 6,640 Egyptian pounds, an increase of about 40 pounds from yesterday's closing.
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