Gold Prices Surge 61% Since 2025 Start
- * Record High: Gold prices reached a new record high today, Thursday, October 16, 2025, continuing a five-day rise.
Gold Prices Reach new Record High – October 16, 2025
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* Record High: Gold prices reached a new record high today, Thursday, October 16, 2025, continuing a five-day rise.
* Global Price: an ounce of gold rose 1.2% to $4279, a new past high (opening at $4212).
* Egyptian market Prices (in Egyptian Pounds):
* 24 Karat: 6571 pounds
* 21 Caliber: 5750 pounds
* 18 Karat: 4929 pounds
* Gold Pound: 46,000 pounds
* Notable Increase: Gold prices have risen 5.3% since the beginning of the week and are up 61% since the beginning of the year. This marks a potential ninth consecutive week of increases.
* Driving Factors:
* Trade tensions between the US and China.
* Closure of the US federal government.
* Potential for lowering US interest rates.
* Investors seeking “safe havens”.