Gold price in Egypt Today Thursday 02 January 2025
The global price of gold
Gold prices rose on Thursday to maintain upward momentum with a positive end to a record 2024, as traders prepare for the expected policy shifts of US President-elect Donald Trump that will shape the economic outlook and interest rates for the new year.
Gold is likely to remain bullish in 2025, driven by geopolitical risks and expectations of rising government debt due to deep fiscal deficits under the Trump administration, despite potential challenges from slower interest rate cuts by the Fed and a stronger dollar, as mentioned here in the 2025.
gold price outlook The market will now take signals from a series of US economic data scheduled for release next week, which may affect the outlook for interest rates for 2025, and Trump's tariff policies.
It should be noted that Donald Trump will be inaugurated as president of the United States on January 20.
The price of gold in Egypt
On the other hand, gold prices in Egypt rose on Thursday on the first gold trading day of the market holidays and holidays, as the price of the 21st highest traded gold in Egypt rose near the levels of 3735 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4268 pounds today, and 18-carat gold is also trading at levels of 3201 pounds per gram.
Also, the price of the dollar minted in Egypt declined and is trading today at the levels of 50.50 pounds, and the dollar price inside official banks also declined slightly today to trade near the levels of 50.88 pounds, with the dollar price in the parallel market inside Egypt at the levels of 51.20 pounds.
