Gold prices in Egypt stabilized on Tuesday, August 26, 2025, during morning trading after a limited decline the previous evening influenced by global ounce movements, while the market watches US interest rate expectations. The price of 24-carat gold stood at 5217 Egyptian pounds per gram, 21-carat (most traded) at 4565 pounds, and 18-carat at 3912 pounds. Globally, the gold ounce hovered near $3350 as markets await the US Federal Reserve’s interest rate decision in September. Futures indicate an 84.1% chance of a rate cut, up from 70% last week. Local gold price stability reflects global anticipation, supported by the $3350 ounce level. The continuation of the upward trend depends on inflation declines, especially the personal consumption expenditures index, the Fed’s key measure. Ihab Wasif, head of the Gold and Precious Metals Division at the Federation of Industries, noted that despite market fluctuations, local gold prices rose last week, supported by a 1.1% global increase.

The local market saw a 0.7% rise, starting at 4550 pounds and closing at 4580 pounds per gram. Wasif highlighted that recent Fed chairman comments on rate cut expectations boosted ounce prices, directly impacting the local market. Dollar exchange rate fluctuations had limited effect compared to global ounce movements. The gold market closed last week above $3350 per ounce, breaking the critical trading range between $3330 and $3335, signaling a positive short-term outlook.