Gold prices saw a significant decline both globally and locally on Thursday, October 23, 2025, amid a strengthening U.S. dollar and investor expectations regarding upcoming U.S. inflation data.
The spot price of gold fell by 2.6% to reach $4,017.29 per ounce, following a surge in the markets over the previous days. Economists attribute this decline to the strength of the U.S. dollar, which reduces gold’s appeal as a safe-haven asset for investors, along with profit-taking activities by traders.
In local markets, Egypt experienced a noticeable drop in gold prices, with the price of 21-carat gold per gram decreasing by approximately 325 Egyptian pounds to reach 5,500 pounds. The price of gold pounds also fell to 44,000 pounds. Similarly, gold prices in Morocco showed a comparable decline, with the price of 21-carat gold per gram standing at 1,063 Moroccan dirhams (around $115.18).
Analysts indicate that the markets are closely monitoring anticipated U.S. inflation data, which could have a direct impact on gold prices in the near future, emphasizing that the current state of uncertainty makes investments in gold more cautious at this time.
