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Latest finance from The Daily Cairo.

Gold Surges to $4,030 While Oil Steadies, Iron Ore Falls

Finance

Updated 10 h ago

Gold Surges to $4,030 While Oil Steadies, Iron Ore Falls

A surging gold price, a subdued oil market and softening iron ore sentiment are reshaping the investment calculus for Egyptian portfolios caught between a reforming currency and global resource volatility.

By Cairo Markets Desk · 1 July 2026

Jobs Data Forces Wall Street Reckoning on Rate Timeline

Finance

Updated 11 h ago

Jobs Data Forces Wall Street Reckoning on Rate Timeline

A brutal session on US equity markets, with the Nasdaq shedding 4.60 per cent, is forcing investors to reprice how long central banks will keep borrowing costs elevated as labour markets refuse to cool on cue.

By Cairo Markets Desk · 1 July 2026