Gold prices in Egypt stabilized during the morning trading on Tuesday, August 26, 2025, following limited declines recorded yesterday evening amid a global drop in the ounce price. The 21-carat gold, the most traded in the local market, was priced at 4565 Egyptian pounds per gram, while the gold pound reached 36,520 pounds. Globally, gold is trading near $3350 per ounce as markets await the US Federal Reserve’s decision on interest rates in September, with the probability of a rate cut rising to 84.1% compared to 70% last week. Ihab Wasif, head of the Gold and Precious Metals Division at the Federation of Industries, stated that the Egyptian market ended last week with a relative increase of 0.7%, equivalent to 30 pounds per gram, supported by a 1.1% rise in the global ounce price at the end of the week, which directly reflected on local prices.