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Gold prices surge by EGP 215 amid geopolitical tensions - Dailynewsegypt
Gold prices in the local market rose by EGP 215, or 3.2%, last week, reflecting a similar increase in the global gold price, which rose by $65, or 1.3%. This surge was driven by escalating geopolitical tensions and renewed demand for the precious metal as a safe-haven asset, according to a report from the iSagha platform. Saeed Embaby, CEO of iSagha, noted that the 21-karat gold gram opened the week at EGP 6,710 and closed at EGP 6,925.
Source: Daily News Egypt February 22, 2026 22:26 UTC
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