Gold Prices Fluctuate in egypt Amid Global Economic Concerns – September 7, 2025
Cairo – Gold prices in Egypt are experiencing volatility, shifting up to 30 Egyptian pounds, influenced by both international ounce prices and local market supply and demand, as of September 7, 2025. This comes as global markets demonstrate a growing aversion to risk, evidenced by rising revenues in global bonds and a strengthening US dollar, which reached a one-week high against major currencies.
The fluctuations are occurring against a backdrop of broader economic anxieties. Recent attempts to influence the independence of the US Federal Reserve – including discussions about reducing interest rates and dismissing Chairman Jerome Powell, following a failed attempt to remove Federal Reserve member Lisa Cook – have contributed to investor uncertainty. These actions have prompted a flight to safe-haven assets like gold, bolstering its upward momentum. Concerns over escalating debt levels in developed nations are further fueling this risk-off sentiment and driving demand for the US dollar.
The price of gold in Egypt is directly linked to changes in the international gold ounce price, alongside the dynamics of local supply and demand. Investors are closely monitoring these developments as they navigate a complex global economic landscape.
