Gold Prices Surge in Egypt, Climbing 3.8% in One Week
Cairo, Egypt - Gold prices in Egypt experienced a notable jump during the past week, rising by 180 Egyptian pounds - a 3.8% increase – according too the Division of Gold and Minerals within the Federation of Industries. The price of 21-karat gold increased from 4685 pounds on August 31st to 4865 pounds as of September 7th, 2025.
This surge reflects global market trends, driven by speculation of potential interest rate cuts in the United States and concerns surrounding the independence of the Federal Reserve. The increase impacts both investors and consumers in Egypt, where gold is traditionally viewed as a safe haven asset during times of economic uncertainty. Experts predict continued volatility in gold prices,tied to both international economic data and political developments.
Ihab Wasef, president of the Division of Gold and Minerals, explained the increase is a direct consequence of gold reaching an unprecedented $3586 per ounce on the global market. He cited weakening economic data and political pressure on the Federal Reserve as key factors fueling the rally.
Wasef further noted that financial institutions like Goldman Sachs anticipate further gains,potentially reaching $5,000 per ounce if political interference with the Federal Reserve persists. He emphasized that the Egyptian market closely follows global ounce prices and the exchange rate of the dollar, reinforcing gold’s appeal as a secure investment amid current economic and geopolitical instability.
