Gold Prices Surge Over 75 Pounds Per Gram amid Economic Concerns
Cairo, Egypt – November 10, 2025 – Gold prices experienced a meaningful jump at the opening of trading today, rising by more than 75 Egyptian pounds per gram. The increase follows a considerable gain in the price of an ounce of gold, exceeding $4080.
This sudden price escalation impacts investors, jewelers, and consumers across Egypt, possibly influencing purchasing decisions and broader economic indicators. the surge is fueled by growing expectations of a potential interest rate cut by the US federal Reserve in December, coupled with recent weak economic data signaling a possible slowdown in global economic growth.
Currently, 24-karat gold is being traded at 6194 Egyptian pounds, while 21-karat gold reached 5420 pounds. An 18-karat piece is valued at 4645 pounds, and the gold pound stands at 43,360 pounds.
Recent data reveals a loss of jobs in the US economy during October, notably within the government and retail sectors. This decline is attributed to company cost-cutting measures and the increasing adoption of artificial intelligence, leading to widespread layoff announcements. Furthermore, US consumer confidence has plummeted to a three-and-a-half-year low in early November, driven by anxieties surrounding the economic consequences of a prolonged government shutdown.
According to Investing Saudi’s US interest rate tracking tool, the market now assigns a 67% probability to a rate reduction in December. Lower interest rates typically bolster gold’s appeal as an investment, particularly during periods of economic uncertainty. The combination of these factors is driving demand and pushing prices upward.
