🟡 Gold week — how did it close and what’s next?

▪️ The ounce: $4,316 (+6.5% over the week)

▪️ 21-gram gold in Egypt: 6,046 EGP

▪️ Gold 21 grams in the UAE: 446 dirhams

▪️ Silver: $64.54

**Gold rises with a weaker dollar and geopolitical tensions**

Gold saw a strong increase last week, as the ounce reached $4,316, up 6.5% from the previous week—an actual gain in a short period. The main driver was the weakening of the US dollar, because gold is priced globally in dollars; when the dollar weakens, gold becomes cheaper for buyers using other currencies, which encourages them to buy. At the same time, regional and global geopolitical tensions increased demand for safe havens—investments people rush to during crises—and gold is traditionally the first safe haven. As for Egypt, a 21-carat gold gram is 6,046 EGP, reflecting global prices with an exchange-rate difference.

**What we expect next week: the Federal and dollar weakness**

Over the coming weeks, gold prices will be determined based on decisions from the US Federal Bank and the interest rate policy—because when the Fed raises rates, it encourages investors to buy interest-bearing assets instead of gold, which doesn’t provide a direct return. The key monitoring focuses on the strength or weakness of the dollar, and on US economic data that could affect expectations for the Fed. Geopolitical tensions will also remain an important factor—any escalation could increase demand for safe-haven assets. Silver is also in the spotlight at $64.54 per ounce, and it moves with gold but is more sensitive to economic cycles because its industrial use is greater.

Blessed Friday — and gold, as we always say: an investment in patience 🤲

#Gold

The content is educational and not investment advice