Gold Prices in Egypt React to Fed Rate Hike as Global Markets Assess Fed Decision
Gold prices in Egypt moved on Thursday, September 17, 2026, as markets reacted to the U.S. Federal Reserve’s decision to raise interest rates by 25 basis points, or 0.25 percentage point, bringing the federal funds target range to 3.75%-4.00%. The move marked the first U.S. rate hike since 2023.
Gold Prices in Egypt Today
- 24-karat gold: EGP 7,234 per gram
- 21-karat gold: EGP 6,330 per gram
- 18-karat gold: EGP 5,426 per gram
- Gold pound: EGP 50,640
Global Gold Prices After the Fed Decision
Global gold prices showed mixed movements following the Federal Reserve’s decision. December gold futures settled at around $4,346.30 per ounce, while spot gold initially climbed before reversing lower after the rate hike and the stronger U.S. dollar.
The Federal Reserve said inflation remains elevated and indicated that monetary policy would continue to focus on bringing inflation back toward its 2% target. Market participants are also monitoring signals from Fed officials regarding the future path of interest rates.
Interest-rate decisions affect gold prices through their impact on the U.S. dollar and bond yields, while international spot gold prices remain a key factor in determining the direction of gold prices in the Egyptian market.
21-Karat Gold Price Today
The price of 21-karat gold stood at EGP 6,330 per gram, while the gold pound reached EGP 50,640, as the Egyptian market continued to monitor global gold movements following the Federal Reserve’s latest interest-rate decision.