Gold price in Egypt Today Monday 08 September 2025
The global price of gold
Gold prices rose to an unprecedented high, surpassing the levels of 3,600 dollars per ounce on Monday and reaching the levels of 3,613 dollars so far, and this rise came after weak US jobs data reinforced expectations of an interest rate cut by the Federal Reserve later this month.
The huge rise in the price of gold is closely related to the expectations of the Fed cutting interest rates at its monetary policy meeting on September 17th.
Futures markets currently place a 92% probability of a 25 basis point interest rate cut, with an 8% probability of a 50 basis point cut.
Besides interest rates, the demand for safe havens is also rising sharply due to rising geopolitical tensions, concerns about a slowing global economy, rising government debt around the world, to the injection of more capital towards gold bullion as a hedge against uncertainty.
Traders are watching the US Consumer Price Index report released on Wednesday for fresh confirmation of economic concerns.
A lower-than-expected reading of the inflation index would further sharpen the interest rate cut, and could push gold further higher.
On the flip side, any sudden rise in inflation in the data may put pressure on the US Federal Reserve to remain cautious about sharp cuts in interest rates, which could lead to short-term fluctuations in gold prices.
The price of gold in Egypt
Gold prices in Egypt rose strongly on Monday, as the 21st highest traded gold in Egypt is now trading at levels of 4875 pounds.
The price of 24-carat gold in Egypt also rose to levels of 5571 pounds, while 18-carat gold is trading at levels of 4179 pounds per gram.
On the other hand, the price of the dollar issued in Egypt fell today to the levels of 48.00 pounds, and the dollar price inside the official banks in Egypt fell at the levels of 48.40 pounds, and also the dollar price in the black market around the levels of 48.80 pounds.
