Saied Embaby, CEO of iSagha, said local gold prices increased by approximately EGP 115 over the week. Globally, gold prices surged by about $86 per ounce, rising from $4,510 at the start of the week to $4,596 by the close of trading. On global exchanges, gold prices have risen by about $278, or 6.4%, approaching the 6.6% increase recorded in January of the previous year. Federal Reserve signalsMarket sentiment turned more cautious following remarks by Donald Trump regarding Federal Reserve leadership, while easing geopolitical risks followed reports that Israel had sought to delay any potential strike on Iran. Market outlookEmbaby said underlying fundamentals remain supportive of gold prices, citing concerns over the independence of the Federal Reserve, persistent trade tensions, and continued gold purchases by central banks.

Source: Daily News Egypt January 18, 2026 19:35 UTC