The price of gold in Egypt Today Tuesday 09 September 2025

The global price of gold

Gold futures hit a new record high of 3,687.50 dollars per ounce in early trading on Tuesday, continuing their rise fueled by expectations of the Federal Reserve cutting interest rates next week, with expectations of the formation of new peaks for gold above 3,660 dollars per ounce.

Investors expect multiple interest rate cuts this year after weak US jobs data.

Traders expect an 88% probability of the US Federal Reserve cutting interest rates by 25 basis points next week, and a 12% probability of a significant cut by 50 basis points.

We are also waiting for US inflation data due to be released later this week, which may be pivotal in the course of the gold price.

On the other hand, gold prices have risen by almost 39% this year, after rising by 27% in 2024, supported by a weak dollar, a strong accumulation of liquidity from central banks, accommodative monetary policy, and increasing global uncertainty.

The price of gold in Egypt

Gold prices rose in Egypt on Tuesday, with the 21st highest traded gold in Egypt now trading at levels of 4890 pounds.

The price of 24-carat gold in Egypt also rose to levels of 5589 pounds, while 18-carat gold is trading at levels of 4191 pounds per gram.

On the other hand, the price of the dollar minted in Egypt on Tuesday fell strongly to the levels of 47.60 pounds, as the dollar price inside the official banks in Egypt fell at the levels of 48.07 pounds, and the dollar price in the black market also fell around the levels of 48.54 pounds.

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