Gold prices in Egypt remained relatively stable on Saturday, coinciding with the global stock exchange’s weekly holiday, following a decline in the price of gold at the end of the week. This decline came after a report from the US Department of Commerce revealed continued inflation decline based on the core Personal Consumption Expenditures (PCE) price index for July. This lowered the likelihood of the Federal Reserve decreasing interest rates by 50 basis points in its next meeting in September. A gold industry expert explained that gold prices stabilized in the local market today compared to yesterday’s closing prices, with the price of a gram of 21-karat gold settling at approximately 3440 Egyptian pounds. Meanwhile, the price of an ounce of gold on the global market closed at $2503, marking a weekly increase of 0.4% or $9. The source added that a gram of 24-karat gold reached 3931 Egyptian pounds, while a gram of 18-karat gold was priced at 2949 Egyptian pounds. A gram of 14-karat gold settled at 2294 Egyptian pounds, and the price of a gold pound reached 27520 Egyptian pounds.