Arab Finance: Global gold prices rose to their highest levels since August, with Goldman Sachs Group forecasting prices to reach $3,000 per ounce in 2025, Bloomberg reported.

On November 18th, bullion rose by 2%, exceeding $2,600 per ounce, as they rebounded due to a stronger US dollar following Donald Trump’s election victory,

The increase reflects a renewed interest in bullion, which remains a favored commodity for 2025 according to leading financial institutions.

Goldman Sachs highlighted several factors supporting gold’s outlook, including expected interest rate cuts by the Federal Reserve (Fed), which reduce the cost of holding non-yielding assets like gold.

The bank also pointed to tariffs reinforcing gold’s role as an inflation hedge and steady demand from central banks as additional factors driving interest in the precious metal.

In Egypt, the gold price per 21-karat gram was EGP 3,620 for selling, EGP 4,137.25 for selling 24-karat gram, and EGP 3,102.75 for selling 18-karat gram, according to iSagha.

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