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.

Gold Prices Surge to Highest Level Since April Amid Shifting US‌ Economic Signals

New York -‌ Gold prices‍ reached their highest point since last April, propelled ⁤by a combination of ​anticipated shifts in US monetary policy, a weakening dollar, and ongoing ​political uncertainty surrounding the Federal Reserve. The precious ⁢metal​ benefited from a climate of ‌investor repositioning as markets digested recent economic data and braced for potential interest rate adjustments.

The rally comes ⁤as the US Federal Reserve increased the interest rate by 25 basis points at its recent Monetary Policy meeting, bringing it to approximately‌ 8%, an increase of⁣ 85% before the latest ⁢inflation figures were released.‌ Concurrently,​ the⁤ dollar ⁢index-measuring the‍ dollar’s performance against a basket ⁢of six major​ currencies-decreased⁢ by⁣ 2.2%⁤ in August. This inverse ⁢relationship between the dollar’s strength and gold prices provided a key‌ support for the ⁣precious metal, as gold⁢ is typically ⁢priced in US currency.

Adding⁣ to the market dynamics, tensions surrounding ⁤potential interventions in Federal Reserve policy continue to simmer. A federal judge is scheduled to‌ consider a request‌ to temporarily prevent the⁢ dismissal of Lisa Cook, a Federal‍ Reserve Governor, following a lawsuit alleging‌ that former President Donald Trump lacks ⁤legitimate grounds⁤ for⁢ her removal.

Recent Commodity Futures Trading ⁤Commission data further⁤ reveals a shift in investor ⁤sentiment.Speculative buying of gold futures contracts increased by 490 contracts for the week ending August 26, driven by individual traders, funds, and financial institutions. While ⁢sales contracts also rose by 1231, the overall trend indicates a renewed appetite for​ gold, fueled by growing expectations of ⁢potential ⁣interest rate cuts by the Federal⁤ Reserve. This buying ⁣pressure reflects a return to bullish sentiment, anticipating ⁤further gains as monetary policy potentially​ eases.

Cairo, Egypt – June 24, 2024 – Gold prices in egypt experienced a slight increase this past week, closing at 4615 Egyptian pounds per gram for 21-karat gold, a rise of 0.44% or 20 pounds, according to the Head of the Gold Division, Nady Wasif. this follows a period of gains in the global market, driven by increased demand for safe-haven assets amid ongoing international trade tensions and expectations of potential interest rate cuts.

The upward trend in the Egyptian market coincides with a significant surge in non-cash raw gold imports. Data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) reveals a 199.1% increase in the value of these imports during May, reaching approximately 71.04 million USD compared to 23.75 million USD in May 2023 – a difference of 47.29 million USD. This substantial increase suggests a growing trend of importing gold for re-export, a practise Wasif highlights as a key driver of export growth and local value addition.

Globally, spot gold prices rose by roughly 1% over the week, opening at 3364 USD per ounce, peaking at 3409 USD, and ultimately closing at 3397 USD. While the price briefly surpassed the 3400 USD mark,the momentum proved unsustainable,indicating a potential weakening of the upward trend. The global gains were further fueled by recent announcements regarding potential U.S. customs duties on gold imports, adding to the appeal of gold as a secure investment.

The Egyptian gold market is closely tied to international fluctuations,with domestic prices reacting to global economic indicators and geopolitical events. CAPMAS data indicates a consistent monitoring of gold import/export activity, providing valuable insights into Egypt’s role in the global gold trade. The re-export of gold contributes to Egypt’s foreign exchange earnings and supports local businesses involved in refining and trading the precious metal. Further analysis of CAPMAS data reveals that Egypt’s gold imports have been steadily increasing over the past year,reflecting a growing demand for gold within the country and for re-export purposes.

Nady Wasif, speaking on behalf of the Gold Division, emphasized the importance of monitoring global market developments and their impact on the Egyptian gold sector. He noted that continued trade tensions and potential shifts in interest rate policies will likely continue to influence gold prices in the coming weeks.