Gold prices in Egypt slightly declined at the start of trading on Monday, August 25, 2025, following sharp increases last week driven by Federal Reserve Chairman Jerome Powell’s hawkish statements. Economic expert John Luca, specializing in commodity and precious metals markets, expects gold prices to continue rising through 2026, supported by geopolitical tensions, global monetary policies, and increased international demand. Luca explained that gold remains a safe haven amid global economic uncertainties and interest rate fluctuations, forecasting potential gains up to 35% in 2025, with the average ounce price reaching around $3,220 this year and possibly $3,400 in 2026 if tensions persist. He noted that the weakening US dollar due to Fed rate cuts until the end of 2025 makes gold more attractive compared to bonds. Major investment banks like JP Morgan, UBS, Goldman Sachs, and Deutsche Bank have raised their gold price forecasts to between $3,300 and $4,000 per ounce for 2025-2026.

Regarding the local market, Luca pointed out that Egypt is directly affected by global price movements alongside internal challenges such as currency fluctuations and economic pressures. He expects the 21-carat gold price to range between 4,500 and 4,700 Egyptian pounds per gram by next September, supported by record foreign reserves at the Central Bank of Egypt.