Gold Prices in Egypt Steady After Eight Weeks of Gains
cairo, egypt – October 11, 2025 - Gold prices in the Egyptian market stabilized today following a period of substantial growth, as the precious metal concluded yesterday’s trading below $4,000 per ounce. This pause comes after an unprecedented eight consecutive weeks of gains, fueled by global economic uncertainty and geopolitical tensions.
The recent consolidation reflects profit-taking by investors following a ceasefire agreement in Gaza, prompting a reduction in gold holdings after prices reached a historic high of $4,059 per ounce during the previous week. Despite this temporary dip, analysts predict a continued upward trend in the medium term, driven by expectations of slower American economic growth and the ongoing U.S. government shutdown, reinforcing gold’s appeal as a safe-haven asset.
Today’s trading saw 24-karat gold reach 6,097 Egyptian pounds,while 21-karat gold settled at 5,335 pounds. An 18-karat piece is valued at 4,572 pounds, and the gold pound is currently trading at 42,680 pounds.
Gold Billion analysts emphasize that essential factors remain supportive of gold’s long-term value. ANZ Bank’s latest report corroborates this view, characterizing the recent price decline as a natural correction after a “rocketing rise” and anticipating a short-lived downturn, with prices poised to resume their ascent due to prevailing economic and geopolitical conditions.
