Gold prices in Egypt are relatively stable on Monday, with the 24-karat gold price registering EGP 6,966.16 per gram for buying and EGP 6,907.88 for selling, Dahab Masr’s data showed.

By 1:31 pm, the 21-karat gold price hit EGP 6,096 per gram for purchasing and EGP 6,045 for selling.

Meanwhile, the international gold ounce price reached $4,588.2 for buying and $4,587.3 for selling.

Earlier today, global gold prices climbed by 2%, breaking through $4,600.

Reuters attributed the new hike to Fed chair Jerome Powell’s criminal investigation by the Trump administration.

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