18-Carat Gold Records EGP 5,237 per Gram

The price of 18-carat gold in Egypt stood at EGP 5,237 per gram, as global bullion markets remained sensitive to a strong US dollar and rising Treasury yields.

Continued dollar strength is weighing on gold demand internationally. A stronger dollar makes the metal more expensive for buyers using other currencies.

Higher US Treasury yields are also putting pressure on bullion by increasing the appeal of interest-bearing investments. Gold, by contrast, does not generate a yield.

Although gold is regarded as a safe-haven asset, that lack of income can reduce its appeal when bond returns rise. The dollar and Treasury yields therefore remain important influences on the metal’s global price movements.