The price of gold in Egypt Today Wednesday 03 September 2025
The price of gold in Egypt
Today Wednesday 03 September 2025 The global price of gold Gold prices are witnessing a sharp rise during this week's trading, as the precious metal hit a peak near the levels of 3,550 dollars per ounce before retreating slightly as traders took profits, but it is still trading above the levels of 3,530 dollars per ounce.
The 7-session winning streak so far has added 6% to the value of gold, and the demand for the precious metal continues to rise incredibly amid ongoing macroeconomic uncertainty.
We are currently reviewing the main reasons for this rise
- Traders are betting heavily that the Federal Reserve will cut interest rates later this month, and futures pricing via CME's FedWatch Tool shows a 92% probability of a 25 basis point cut.
- The situation was aggravated by concerns about the independence of the Federal Reserve after President Trump's repeated attempts to influence monetary policy, and even the dismissal of Lisa Cook, the governor of the Federal Reserve last month, and this step is currently under legal review.
- Trump has continuously pressured the Federal Reserve to sharply reduce interest rates, calling high borrowing costs a burden on US economic growth.
The president even put forward the idea of dismissing Fed Chairman Jerome Powell (but it's not that simple), which led to an escalation of tensions between the White House and the central bank.
Attention is now turning to the US non-farm payrolls (NFP) report released on Friday, which may determine the size and pace of the next Fed cuts.
Economists expect 75,000 jobs to be added in August, up slightly from 73,000 in July, while the unemployment rate is expected to rise to 4.3%.
A weaker-than-expected report will strengthen the argument for deeper interest rate cuts, which could push gold above USD 3,600.
However, a strong report may at least temporarily ease the severity of this rise.
The Fed's decision on interest rates will also be released on September 17, as the central bankers conclude their two-day meeting with a press conference by the head of the central bank, Jerome Powell.
The price of gold in Egypt
Gold prices in Egypt rose on Wednesday for the seventh consecutive day in a strong way,as the 21st highest traded gold in Egypt is now trading at levels of 4805 pounds.
The price of 24-carat gold in Egypt also rose to levels of 5491 pounds, while 18-carat gold is trading at levels of 4119 pounds per gram.
On the other hand, the dollar price in Egypt has not moved today, and the price of the goldsmith's dollar in Egypt is trading today at the levels of 48.20 pounds, and the dollar price inside the official banks in Egypt is also trading at the levels of 48.64 pounds, and also the dollar price in the black market is around the levels of 48.89 pounds.
