Samia al - Faqi
Gold prices on the Egyptian market continued to decline during today ' s dealings on Friday, 19 June 2026, in conjunction with the decline in time in world markets, amid the increasing pressures resulting from continued expectations that American interest rates would remain at higher levels for a longer period.
The 24 caliber gold price recorded about Pound6840, the 22 calories were about Pound6270, the 21st - most traded in the local market - about Pound5985, while the 18 caliber was about Pound5130.
The gold pound price has also declined to Pound478, one of its lowest levels during the recent period, in the light of the continued vigilance of precious metal markets.
This performance was synchronized with the global average price of $4148.11, at a time when investors continue to reassess their expectations on the course of the United States monetary policy in the coming period.
In this context, the Goldman Sachs Bank reduced its gold price forecast by about $500 for condoms, in a step that reflects a clear shift in market vision towards the future of the precious metal, after estimates that the federal reserve might keep interest rates low during the current year.
The Bank explained that the longer-term high interest continued to result in higher real returns on financial assets, together with the support of the United States dollar, which limited the attractiveness of gold as an asset that did not generate a return to investors.
The report noted that this change in market pricing was the main reason for the reduction of future gold forecasts, since previous bets indicated that the strong upsurge of precious metal has continued over the past months.
Despite a more conservative view, Goldman Sachs asserted that gold continued to have several support factors, notably the continued purchase of precious metal by global central banks to enhance their reserves, as well as the continuing geopolitical risks that led investors to retain part of their funds in safe assets.
The report added that the United States monetary policy would continue to be the most significant factor in short-term gold movements, as markets looked forward to future inflation data and any new references from the Federal Reserve on the future of interest rates.
