The gold pound registered EGP 36,280 amid calm global market
activity as the metal traded at USD 3,338 per ounce. Investors are awaiting the
outcome of the Jackson Hole symposium and upcoming statements from the US
Federal Reserve on interest rates.
Gold prices in Egypt today:
24 karat: EGP 5,183 per gram
21 karat: EGP 4,535 per gram
18 karat: EGP 3,887 per gram
14 karat: EGP 3,023 per gram
Half gold pound: EGP 18,140
Analysts believe gold will remain supported until clearer
signals emerge from the Federal Reserve, with markets widely expecting a 25
basis point rate cut at the upcoming meeting.