Amid signs of further increase, gold prices in Egypt stabilized today, Thursday, October 9, 2025, after reaching record levels for 21-carat gold yesterday, following the global gold surge and breaking the $4000 per ounce barrier, marking a record in global markets.

UBS Bank has forecasted gold prices to rise to $4200 per ounce in the coming months, as the opportunity cost of holding gold decreases due to lower real interest rates in the United States, while the general expectation of continued weakness of the US dollar is another supportive factor for gold.