The price of gold in Egypt Today, Monday, June 30, 2025
The global price of gold
Gold prices rose on Monday with the beginning of the week's trading, reaching levels of 3,296 dollars per ounce.
Optimism of interest rate cuts by the Federal Reserve, concerns about the independence of the Fed and the weakening of the dollar, have strengthened the rise of gold today.
Trump is also trying to influence the Federal Reserve, and therefore its monetary policy, which could undermine confidence and strengthen the demand for safe havens.
The previous downward wave was due to the cooling of tensions in the Middle East, where the fragile ceasefire between Israel and Iran has so far held, reducing fears of a wider regional conflict, and therefore significantly reduced the attractiveness of gold.
We expect that it will soon return to the decline after reaching the USD 3,296 levels, which are considered resistance levels that may push for some downward corrections.
The price of gold in Egypt
Gold prices rose in Egypt on Monday, with the 21st highest traded gold in Egypt now trading at yesterday's levels at 4,600 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5257 pounds, while 18-carat gold is trading at levels of 3943 pounds per gram.
On the other hand, the price of the dollar minted on Monday in Egypt fell to the levels of 49.70 pounds, while the dollar price inside the official banks in Egypt fell to the levels of 49.69 pounds, and the dollar price in the black market is also trading on declines near the levels of 50.00 pounds.
