Commodity
This came in a report released by IDSC on Tuesday which focuses on tackling the outcome of the state's efforts to promote the sector of supply and internal trade.
President Abdel Fatah al-Sisi announced a number of decisions aimed at alleviating the impact of inflation on millions of citizens.
Investors in the region took some comfort from hopes that the trade talks between the U.S. and China expected this week will ease trade tensions.
Spot gold was 0.4 percent higher at $1,258.61 an ounce, as of 0351 GMT, while U.S. gold futures for August delivery were up 0.3 percent at $1,259.90 an ounce.
The pound peeled off around a third of a U.S. cent to $1.3290 GBP=D3 as news broke British Brexit Secretary David Davis and Brexit Minister Steven Baker had resigned.
