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Gold Surges to‍ Record Highs in Egypt, Global⁣ markets on 2025/09/10

Cairo, Egypt – Gold prices in Egypt experienced a⁢ significant jump on Wednesday, September 10, 2025, reaching 4900 egyptian⁤ pounds for ⁣21-karat gold, while the gold pound ⁣registered 39,200 pounds. The surge mirrors⁣ unprecedented gains in the global market, fueled by ⁢economic uncertainty and political ​factors impacting‌ U.S.​ monetary policy.

This ​dramatic increase ​impacts investors, jewelers, and consumers across egypt, perhaps reshaping‌ purchasing power and investment‍ strategies. The escalating price of gold reflects growing anxieties about the ​global economic outlook and⁤ the independence of the U.S. Federal Reserve, with some analysts predicting further increases.

According ⁤to reports, 24-karat gold now trades at 5600 Egyptian pounds, and 18-karat gold is valued at 4200 Egyptian pounds. Simultaneously, the global‌ price of gold opened at a record level exceeding $3,644 per ounce.

Ehab Wasef, President of ​the Division of gold and‌ Minerals, ⁣explained in a weekly report⁢ that the price hike is a direct result of ⁢developments in the international market.Gold reached an unprecedented $3650 per ounce, driven by increasing expectations⁣ of reduced American ‍interest rates, coupled with weak economic data and concerns regarding political ‌interference with the Federal Reserve by ​U.S. President Donald Trump.

Wasef ‌further noted that major financial institutions, such as Goldman sachs, anticipate‍ continued gains, suggesting gold coudl reach ‍$5,000 per ounce if political pressure⁤ on the federal Reserve persists and compromises its ability to make independent monetary⁢ decisions.

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.

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.