Gold Maintains Momentum Above $2,000/Ounce as Egyptian Prices Climb – October 10, 2025
Gold prices continued to trade above the key psychological level of $2,000 per ounce on Friday, October 10, 2025, bolstered by ongoing geopolitical factors and sustained investor demand.The precious metal closed above this threshold yesterday and maintained its position despite some potential headwinds, according to technical analysis from Gold Bellion. Simultaneously, the price of gold in egypt reached new highs, with 24 karat recording 6,189 Egyptian pounds, 21 karat at 5,415 pounds, and 18 karat weighing 4,641 pounds. A gold pound was valued at 43,320 pounds.
The sustained rally in gold-up 54% since the start of the year-is driven by a confluence of factors including robust purchases from central banks, increased investment in gold-backed exchange-traded funds (ETFs), a comparatively weaker U.S. dollar, and its appeal as a safe-haven asset during times of global uncertainty. september witnessed the largest monthly inflows into global gold ETFs backed by physical gold, marking the strongest quarter on record and pushing total assets under management to a new all-time high.
These inflows totaled 145.6 tons of gold in September, the highest monthly level since March 2022, when 185.4 tons flowed into gold investment funds.The positive momentum arrives amid tentative steps toward de-escalation in the Middle East,following an agreement between Hamas and Israel for a ceasefire and prisoner exchange-the first phase of the American plan for Gaza-perhaps signaling a path toward ending the two-year conflict. Market sentiment was also influenced by expectations of potential further reductions in U.S. interest rates later this year.