Gold in Egypt Surges After Sharp Drop Amid Rate Cut Expectations

Precious metals markets witnessed a strong rebound as gold in Egypt recorded a notable surge on Tuesday following a sharp decline in the previous session, supported by expectations of U.S.

interest rate cuts and rising global geopolitical tensions.

According to specialized platform data, 21-karat gold rose by about EGP 80 to reach EGP 5,940, while 24-karat gold hit EGP 6,789, 18-karat gold stood at EGP 5,091, and the gold pound reached EGP 47,500.

Globally, gold ounces climbed to $4,385.

Market Confidence Returns

This rebound came after a 4.5% daily drop on Monday—the steepest since last October—prompting investors to rebalance portfolios and return to buying gold in Egypt and in global markets.

Monetary Policy Impact

Analysts note that higher margin requirements on gold and silver futures triggered the earlier sell-off, while expectations of U.S.

rate cuts in 2026 are boosting the appeal of gold in Egypt as a safe-haven asset due to lower opportunity costs.

Silver also posted solid gains, signaling renewed investor appetite for precious metals.