Gold prices today, Wednesday, April 16, 2025

The global price of gold

Gold prices rose on Wednesday to break through the levels of 3,300 dollars per ounce, as investors sought safe-haven assets after US President Donald Trump ordered an investigation into possible new tariffs on US base metal imports, in an attempt to put pressure on leading China in this field, as well as reviews of imports of medicines and chips, further escalating global trade tensions.

Many investment banks have issued positive forecasts for the precious metal during the current year, as Goldman Sachs revised its forecast for gold to reach the price of gold to 3,700 dollars per ounce by the end of 2025, and to rise to 4,000 dollars by mid-2026.

Bank of America and city research also expect the price of gold to range between 3,300 and 3,500 dollars in the coming months.

UBS also revised its forecast for the gold price to 3,500 dollars per ounce for 2025.

ANZ bank on Wednesday raised its forecast for the gold price by the end of the year to 3600 dollars per ounce.

The price of gold in Egypt

Gold prices in Egypt rose strongly on Wednesday and made a new historical peak, as the 21st highest traded gold in Egypt is now trading at levels of 4740 pounds.

The price of 24-carat gold in Egypt also recorded levels of 5417 pounds, while 18-carat gold is trading at levels of 4063 pounds per gram.

The price of the goldsmith dollar in Egypt also fell today to the levels of 50.90 pounds, with a slight rise in the dollar rate within the official banks in Egypt to the levels of 51.10 pounds, while the dollar price on the black market inside Egypt rose to the levels of 51.30 pounds.

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