Gold and silver prices posted strong global gains for the fifth consecutive week, supported by the Fed’s rate cut and a weaker USD. In Egypt, 21K gold reached around EGP 4,991, near record highs. Geopolitical tensions and safe-haven demand continued to drive the market.
In September 2025, silver prices jumped 42% YTD, surpassing $41/oz – the highest in 14 years. In Egypt, prices climbed from EGP 52 to EGP 65.25 per gram. Fed rate cut expectations, dollar weakness, and strong industrial demand drove the rally, with bullish forecasts extending to 2029.
Gold prices climbed for a fourth straight week, closing at $3,643/oz (+1.6%), while silver finished at $42.17/oz (+2.94%). In Egypt, 21K rose to EGP 4,946/gram. Drivers: rising odds of a Fed rate cut, softer U.S. data, and renewed ETF inflows supporting gold price momentum.
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