Gold price in Egypt Today Monday 06 January 2025
The global price of gold
Gold prices fell during trading on Monday at the beginning of the week, as US Treasury bond yields rose, while investors ' attention turned to economic data for clues on the Fed's interest rate path in 2025 after the Fed indicated a slower pace of rate cuts this year.
Goldman Sachs also postponed its forecast for the gold price at 3000 dollars per ounce to the second quarter of 2026 after it expected gold to reach it by the end of 2025, as we mentioned here in the banks ' forecasts for gold prices during 2025.
The price of gold in Egypt
On the other hand, gold prices in Egypt fell on Monday, as the price of the 21st highest traded gold in Egypt reached near the levels of 3730 pounds.
The price of 24-carat gold in Egypt also recorded further declines today, reaching the levels of 4263 pounds, and 18-carat gold is also trading at the levels of 3197 pounds per gram.
The price of the dollar minted in Egypt also declined today at the levels of 50.40 pounds, and the dollar price inside the official banks also declined slightly today to trade near the levels of 50.70 pounds, with the dollar price in the parallel market inside Egypt at the levels of 51.03 pounds.
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