Gold prices stabilized on Saturday, February 14, 2026, in the local market, coinciding with limited movement in the international spot price around the $5,000 level. This follows a sharp decline experienced by the precious metal in recent days.
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Gold Prices Today in Egypt:
24-karat gold: 7,600 Egyptian pounds
21-karat gold: 6,650 Egyptian pounds
18-karat gold: 5,700 Egyptian pounds
Gold pound: 53,200 Egyptian pounds
Gold experienced a significant drop on Thursday, February 12, 2026, falling 3.2% to reach a one-week low of $4,878 per ounce before closing trading below $5,000. It has since attempted to recover some of its losses and retest this key level.
The current volatility comes as the impact of the decline seen in late January continues to reverberate through the market. This followed the announcement of Kevin Warsh’s nomination to head the Federal Reserve, which triggered the liquidation of large speculative positions and intensive selling in the markets.
Additional pressure on gold prices stemmed from a sharp decline in U.S. Equities, particularly technology stocks, as investors sold gold and silver to cover losses in the stock market, causing a rapid price drop. This highlights the interconnectedness of global financial markets and the role of gold as a risk-off asset.
On the economic data front, U.S. Unemployment claims showed a notable increase, signaling some weakness in the labor market. However, the more important jobs report released the previous day recorded a strong increase in new jobs, mitigating the impact of the unemployment data on market movements.
Short-term instability is expected to persist amid uncertainty surrounding the path of U.S. Interest rates and the continued repositioning of investment portfolios following the recent downturn. Nevertheless, the overall long-term trend for gold remains supportive of gains, driven by ongoing geopolitical tensions globally and increased purchases by central banks of the precious metal, providing strong support for prices in the coming period.
