Gold Prices in Egypt August 7
Gold prices in Egypt rose today, Friday, August 7, 2026, in line with global gains in the metal, amid anticipation of U.S. employment data that could influence interest rate hike decisions. The price of 21-karat gold reached approximately 5,970 Egyptian pounds, and the total value of a gold pound hit 47,760 pounds, driven by increased demand as a safe haven. The rise is also attributed to declining oil prices and expectations of continued gold appreciation, with the latest ounce price standing at $4,262 — the highest in seven weeks — supported by reduced fears of conflict in the Middle East and expectations of inflation slowdown.
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