Gold prices slide to biggest weekly loss as yields rise

Spot gold fell about 2.5% to roughly $4,017 per ounce, marking the steepest weekly decline since early June 2026. Analysts attribute the drop to higher U.S. Treasury yields, a stronger dollar and rising oil prices that heighten inflation expectations, reducing demand for the non‑interest‑bearing metal.

In Egypt, 21‑karat gold traded around EGP 5,810 per gram and 24‑karat at EGP 6,640, with the market showing a modest recovery in jewelry demand after a period dominated by bullion sales. Industry officials noted ongoing hallmarking delays that have slowed jewelry certification.

In the Palestinian market, gold prices remained stable on July 19, 2026, with 21‑karat gold quoted at 341 ILS per gram and 24‑karat at 389.70 ILS, reflecting local currency and global price influences.

These coordinated movements show how global financial conditions are affecting regional gold markets across Egypt and the Palestinian territories.