Gold Prices Stabilize in Egypt as Global Markets React to Federal Reserve Signals – October 20, 2025
Cairo, Egypt – Gold prices in Egypt held steady at the start of the trading week on Monday, October 20, 2025, despite a slight uptick in international markets which breached $4,200 per ounce. The relative calm in local purchasing activity is supporting the price stability, wiht 18-karat gold remaining a popular choice for consumers seeking more affordable options.
Here’s a breakdown of today’s gold prices in Egyptian pounds (EGP):
* 24 Karat: 6,566 EGP
* 21 Karat: 5,745 EGP
* 18 Karat: 4,924 EGP
* Gold Pound: 45,960 EGP
federal Reserve Commentary Drives Global Sentiment
The recent gains in gold’s value are largely attributed to comments made by Federal Reserve Chairman Jerome Powell. Investors interpreted his statements as signaling a potential shift towards quantitative easing, boosting confidence in the precious metal as a safe-haven asset.
Powell acknowledged a weakening US labor market, even as the overall economy shows signs of improvement. He emphasized a data-dependent approach to future interest rate decisions, balancing the need to address ongoing inflation with concerns about employment. He also cautioned that navigating monetary policy carries inherent risks, notably the possibility of a significantly weaker labor market.
These remarks have fueled market expectations of potential interest rate cuts in the coming months,further bolstering gold’s appeal.
Looking Ahead
Market analysts will be closely monitoring upcoming economic data releases and further commentary from the federal Reserve to gauge the future trajectory of gold prices.The interplay between inflation, interest rates, and global economic conditions will continue to be key drivers of market sentiment.
Source: Youm7.com
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