Gold Prices Plunge asโ September Rateโค Cut Hopes Fade
Cairo, Egypt – November 15, โข2025 – Gold prices experienced aโ notable decline today, โfalling to $4,050 โafter previously trading between $4,200 and $4,050.โข Theโ downturnโ follows diminishing expectations โfor a US Federal Reserve interest rate cut in September, impacting investor sentiment.
the price adjustment arrives amidโค broader economic uncertainty, affecting โขboth individual investors and the Egyptian market. Gold serves โคas a customary hedge against inflation and economic instability, and fluctuations in its price directly influence investment portfolios and the local jewelry industry.โฃ Theโ current โshift reflects โฃa complex interplay of โขfactors, including dollar strength and evolvingโฃ monetary policy signals from the โUS central bank.
In Egypt, โthe impact is โinstantly โvisible in local markets. โฃAs of today, 24-karat gold is trading โขat 6,240 Egyptian pounds, while 21-karat gold is available โfor 5,460โข pounds. An 18-karat piece costs 4,680 pounds, and the gold pound is valued at 43,680 pounds.
Despite the recent goldโ price dip, the dollar index-measuring the dollar’s performance against a basketโค of major currencies-is projected โฃto decline for the second consecutive week. This weakening dollar typically increases gold’s appeal to โinvestors holding โother currencies.
Gold demonstrated strongโ performance earlier this week, largely driven by dollar weakness and โขgrowing anticipation of potential Federal Reserve rate cuts prompted by recent data indicating a softeningโ employment sector. These expectations initially โฃexerted downward pressure on the dollar and upward pressure โon gold.
Though,concerns persist within theโข Federal Reserve regarding inflationary โขpressures and indications ofโข continued stability in the US labor market. Following two interest rate reductions earlier inโ the year, members are exhibiting caution about further cuts, particularly at โคtheโข upcoming December โmeeting.
Traders currently assignโ a 51% probability to a quarter-point rate cut next month,a decrease from โข64%โ in the previous โคsession. This shift in expectations is a primary driverโข of the current gold price correction.
The recent reopening of the US government after a 43-day shutdown,โฃ which disrupted the flow of economic data, is expectedโฃ to restore the regular issuance of official economic reports in the coming weeks, potentially providing further clarity on the economic outlook and influencing future monetary policy decisions.
