Gold prices are surging globally and within Egypt, driven by central bank demand, investment fund activity, and expectations of further gains. As of 2025/09/22, financial institutions anticipate the price of an ounce could reach $4000 in the near term.
The escalating value of gold impacts investors, jewelers, and the broader Egyptian economy, particularly given the metal’s customary role as a safe-haven asset during periods of economic uncertainty. The interplay between the dollar exchange rate and global gold prices is especially critical in the Egyptian market, where a strengthening dollar typically fuels local gold price increases.
Several factors are contributing to the upward trend. Central banks and gold-backed investment funds are increasing their holdings, bolstering demand.Together, fluctuations in the dollar’s exchange rate against the Egyptian pound significantly influence local pricing. The dollar has recently experienced a gradual rise in official Egyptian banks, adding momentum to the local gold market alongside positive global price movements.
Investors are closely monitoring forthcoming US inflation data and statements from Federal Reserve officials. Locally, attention is focused on the correlation between the dollar and gold, with expectations that egypt’s gold standard will likely persist if global markets continue to see new price peaks. 21-carat gold prices, excluding manufacturing costs, are currently reflecting these global and local pressures.
