On an exceptional day for financial markets, we witnessed on January 28, 2026, radical transformations that redraw the map of global and local investment:
1️⃣ Gold breaks expectations 🚀
The yellow metal continues to "soar," having set a new record by surpassing the barrier of $5,200 per ounce globally. This crazy rise reflected locally in Egypt, where the gold price for 21 karat jumped to over 6,800 pounds, amid a historic demand for safe havens.
2️⃣ Wall Street makes history 📈
For the first time in history, the S&P 500 index has successfully broken the 7,000-point barrier. This rise is driven by record results from artificial intelligence companies and investor optimism ahead of the "American Federal" interest rate decision tonight.
3️⃣ The Egyptian pound regains its strength 🇪🇬
In a surprise for the markets, the Egyptian pound has begun its "comeback" against the greenback, as the official exchange rate of the dollar in banks has fallen to below 47 pounds, supported by investment flows in the renewable energy sector amounting to 1.8 billion dollars.
4️⃣ Saudi Arabia: Huge bank profits 🇸🇦
An impressive performance from the Saudi banking sector; where the National Commercial Bank announced generous dividend distributions, while Al-Jazira Bank achieved a 22.3% growth in its annual profits, driving the "TASI" index to continue its rise for the sixth consecutive session.
💡 Advice for investors:
The markets are experiencing a state of "high volatility". Stay tuned for the Federal statement tonight (at 10:00 PM Mecca time), as it will be the compass that determines the direction of the dollar and gold for the upcoming period.
