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Commodities

Egypt Gold Prices Jump Amid Warsh Speech Anticipation

Guavy AI Editorial Team
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Gold
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Gold prices in Egypt jumped at the start of trading on Friday, August 28, 2026, amid global anticipation of U.S. Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium.

The price of 21-karat gold per gram rose to 6,490 Egyptian pounds for selling versus 6,425 pounds for buying, while 24-karat gold recorded approximately 7,417 pounds for selling and 7,343 pounds for buying.

Global gold prices took a different path, falling 0.5% in spot trading to $4,576.30 per ounce as investors await signals from Warsh on inflation and interest rates.

The CME Group's FedWatch Tool indicates that traders see a 33.9% probability of a rate hike in September, while the probability jumps to 74% by December.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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