Today’s price in Egypt fluctuated against the backdrop of changes in the global gold ounce near $4330, after it touched $4390 in the previous session, which was reflected in the price of 21 karat gold, the best-selling type in Egypt.
Today’s Gold Prices
– 24 karat records 6703 pounds
– 21 karat records 5865 pounds
– 18 karat records 5027 pounds
– Gold pound 46920 pounds
Despite these expectations, the latest Federal Reserve meeting minutes showed that the bank is still keen on keeping inflation under control in 2026, which was met with a limited reaction in the market during a quiet trading session yesterday, indicating that markets may have already priced in a significant portion of upcoming interest rate moves.
Overall, markets see that demand has not declined despite some profit-taking the market has witnessed recently, indicating that the buying base remains strong even with momentary price fluctuations.
OpenAI companyZamalek in the match against Baladiyat El-Mahalla in the Egypt Cup
Egypt
Egypt, home to one of the world’s oldest civilizations, is famed for its ancient monuments along the Nile River, including the Pyramids of Giza and the Great Sphinx, which date back over 4,500 years. Its long history encompasses the Pharaonic kingdoms, Ptolemaic rule, and later Islamic caliphates, with Cairo serving as a major cultural and political center for centuries.
Federal Reserve
The Federal Reserve is the central banking system of the United States, established in 1913 by the Federal Reserve Act to provide the country with a safer, more flexible, and more stable monetary and financial system. It conducts national monetary policy, supervises and regulates banks, and works to maintain the stability of the financial system.
OpenAI
OpenAI is an artificial intelligence research laboratory founded in 2015 with the mission to ensure that artificial general intelligence benefits all of humanity. It is known for developing advanced AI models like GPT-3 and DALL-E, and it transitioned from a non-profit to a “capped-profit” structure to attract investment while maintaining its core safety-focused principles.
Zamalek
Zamalek is an affluent residential district located on Gezira Island in the Nile River, central Cairo. Historically developed in the late 19th and early 20th centuries, it was originally home to many foreign diplomats and elites, featuring lush gardens and distinctive architecture from that era. Today, it is known for its upscale atmosphere, embassies, art galleries, and the Cairo Opera House.
Baladiyat El-Mahalla
Baladiyat El-Mahalla refers to the municipal administration of the city of El-Mahalla El-Kubra in Egypt, a major industrial center historically famous for its textile manufacturing. The city’s modern prominence grew significantly in the 20th century with the establishment of the Misr Spinning and Weaving Company, which became one of the largest in the Middle East and a focal point for labor movements.
Egypt Cup
The Egypt Cup is the premier domestic knockout football competition in Egypt, first held in 1921. It is organized by the Egyptian Football Association and features clubs from across the country competing in a single-elimination tournament, with Al Ahly being its most successful team historically.
