Gold prices in Egypt on Tuesday, August 26, 2025, showed stability during morning trading after limited declines recorded the previous evening, influenced by global ounce movements. 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 per gram. Globally, the gold ounce price hovers near $3350 as markets await the US Federal Reserve’s interest rate decision in the upcoming September meeting. Futures contracts indicate a strong market expectation of an 84.1% chance of a rate cut, up from 70% last week. The local gold market stability reflects global anticipation, with gold supported at $3350 per ounce, while the continuation of the upward trend depends on inflation easing, especially the personal consumption expenditures index, the Fed’s key measure.
Al-Jaghbeer: The Industrial Sector Leads Economic Growth
16 Aug, 2025
- 2 mins read
Recommended for you
Al-Jaghbeer: The Industrial Sector Leads Economic Growth
Alternative to UNIFIL Forces
Egypt Post: We Have Over 10 Million Customers in Savings Accounts and Offer Daily, Monthly, and Annual Returns
Talib Al-Rifai Chronicles Kuwaiti Art Heritage in "Doukhi.. Tasaseem Al-Saba"
Exhibition City Completes About 80% of Preparations for the Damascus International Fair Launch
Trump Advisor: Disarming Hamas is Central.. Palestinian Authority to Take Over Gaza After Required Reforms