Gold price in Egypt Today Tuesday 01 July 2025
The global price of gold
Gold prices rose today to exceed the levels of 3,355 dollars per ounce, thanks to continued safe haven demand and the weakening dollar.
Gold rose for the second session in a row, despite the market's shift to a risk-on situation, geopolitical and macroeconomic concerns remain potential catalysts. Also, with increasing expectations that the Fed may resume easing its monetary policy later this year, this led to a decline in the US dollar and a rise in gold, which usually benefits from low interest rates.
The market now expects at least two interest rate cuts in 2025, and the upcoming US jobs report on Thursday is considered an important catalyst in the markets.
The price of gold in Egypt
Gold prices in Egypt rose strongly on Tuesday, as the 21st highest traded gold in Egypt is now trading at yesterday's levels at 4660 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5326 pounds, while 18-carat gold is trading at levels of 3994 pounds per gram.
On the other hand, the price of the dollar minted on Tuesday in Egypt fell to the levels of 49.40 pounds, while the dollar price inside the official banks in Egypt fell to the levels of 49.55 pounds, and the dollar price in the black market is also trading on declines also near the levels of 49.80 pounds.
