NextFin news, gold prices in Egypt registered a modest decline last week as 21-karat gold edged down approximately EGP 5, opening at EGP 5,350 and closing at EGP 5,345, according to the iSagha gold trading platform monitored on November 9, 2025. Additionally, 24-karat gold was quoted at EGP 6,109, with other karat values and the gold pound coin maintaining relative stability. Globally, the price per ounce eased slightly by $2 from $4,003 to $4,001 despite earlier fluctuations caused by mixed U.S. labor market data and cautious commentary from Federal Reserve officials.
This local retracement comes within the broader context of increased volatility as markets await the Federal Reserve’s imminent policy decisions under President Donald Trump’s administration. The backdrop features weak October U.S. payroll data indicating the highest job cuts in over two decades per Challenger, Gray & Christmas, juxtaposed with cautious Fed remarks by Chicago Fed President Austan Goolsbee, highlighting difficulties in economic assessment amid delayed inflation data resulting from the ongoing U.S. government shutdown.
Investor sentiment remains finely balanced with gold and silver trading largely flat at week’s end. Crucially, the 10-year U.S. Treasury yields experienced their largest drop in nearly a month, reinforcing expectations of near-term Federal Reserve rate cuts, as the CME FedWatch Tool prices in a 68% chance of easing in December. Concurrently, the University of Michigan Consumer Sentiment Index dropped to its lowest since mid-2022, further feeding into the cautious market outlook.
The limited decline in spot prices masks the underlying strength of central bank purchases and safe-haven demand that have driven a remarkable year-to-date gold price increase exceeding 50%. The World Gold Council reported that gold-backed ETFs added 222 tonnes between July and September 2025, marking the fastest quarterly inflow in years. Central banks themselves purchased approximately 220 tonnes of gold in Q3, a 28% increase over Q2 activity and a 6% jump above the five-year quarterly average. Notably, countries such as South Korea are reportedly considering resuming gold purchases, while Serbia plans to nearly double its gold reserves by 2030.
Analysts, including ING Bank, interpret the recent slight price pullback as a healthy correction within a sustained uptrend. ING projects gold’s average price to hold around $4,000 per ounce through Q4 2025, with a potential rise to $4,100 in Q1 2026, contingent on anticipated Federal Reserve rate cuts. The continued appetite for gold by central banks and investors supports the medium-term bullish narrative despite prevailing geopolitical uncertainties and economic data challenges.
This dynamic interplay between weaker labor market conditions, ongoing government fiscal uncertainties, and cautious monetary policy stances contributes to a nuanced price environment. It compels investors to weigh gold’s appeal as a hedge against market volatility and inflation against the potential for renewed Federal Reserve policy clarity and economic data flow when the government shutdown concludes.
Looking ahead, gold’s price trajectory remains sensitive to developments in U.S. labor market data, inflation reporting, and Federal Reserve communications within the coming months. Should rate cuts materialize as widely expected, gold’s attractiveness as a non-yielding asset may strengthen, likely sustaining prices at or above current levels. Conversely, a sharper economic rebound or inflation pick-up prompting a hawkish Fed stance could pressure prices lower.
In sum, the localized mild gold price decline observed recently exemplifies market caution amid global price stabilization. Yet, structural factors—central bank demand, geopolitical tensions, and the ongoing shift away from U.S. dollar dominance in reserves—point to stable or higher gold prices over the medium term. The precious metals market’s resilience underscores its ongoing role as a strategic safe-haven asset as investors and policymakers navigate an uncertain global economic landscape under President Donald Trump’s administration.
