Egypt gold prices rise on August 23

On Sunday, August 23, 2026, gold prices in Egypt experienced a noticeable increase at the start of trading, influenced by the rise in global gold prices. It achieved its third consecutive weekly gain, supported by a weakening dollar and declining U.S. bond yields. The price of 21-karat gold, the most popular in Egypt, reached 6,610 Egyptian pounds for sale and 6,535 pounds for purchase. Additionally, the gold pound traded at 52,880 pounds for sale and 52,280 pounds for purchase. On the international level, the price of an ounce reached its highest level since May 15, climbing 2.4% to approximately $4,624, driven by a weakening dollar and marking the largest weekly gain for the precious metal since February, surpassing key technical levels such as the 200-day moving average.

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