Gold price today, Thursday, January 22, 2026
Gold rises strongly, exceeding $5,300 as the dollar falls
The price of gold rose to a new historic high, exceeding $5,300 per ounce on Wednesday, before making some current corrections to around $5,270 per ounce.
The global price of gold continues its historic rise, driven by the US dollar's weakness to its lowest level in nearly four years, ahead of Federal Reserve Chairman Jerome Powell's speech later on Wednesday, as well as the current geopolitical uncertainty that has boosted demand for the metal as a safe haven.
President Trump has also stated that he is not concerned about the recent decline in the value of the US currency.
The rise in gold prices reflects increasing geopolitical and economic risks, including shifts in US policy and pressures in major bond markets.
Gold prices in Egypt
Gold prices in Egypt rose sharply on Wednesday, trading near historic levels.
The price of 21-karat gold, the most traded in Egypt, reached 7,040 pounds, breaking through the 7,000-pound level for the first time in history.
The price of 24-karat gold also broke through the 8,000 pound level, reaching 8,046 pounds, while 18-karat gold is trading at 6,034 pounds per gram.
On the other hand, the price of the dollar rose today to 47.50 pounds, with the price of the dollar falling within official banks in Egypt to 47.10 pounds, and the price of the dollar on the black market falling to 47.35 pounds.
