The price of gold in Egypt Today, Wednesday, January 15, 2025
The global price of gold
Gold prices rose on Wednesday as the US dollar and Treasury bond yields fell, while market participants are waiting for US inflation data for clues on the Federal Reserve's interest rate strategy.
President-elect Donald Trump is set to begin his second term next week, and investors are worried about his pledge to impose tariffs on a wide range of imports, fearing that they will fuel inflation and restrict the Fed's ability to cut interest rates.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Wednesday, as the price of the 21st highest traded gold in Egypt reached near the levels of 3777 pounds.
The price of 24-carat gold in Egypt also recorded a further rise today, reaching the levels of 4317 pounds, while 18-carat gold is trading at the levels of 3237 pounds per gram.
The price of the goldsmith's dollar in Egypt also fell today at the levels of 50.00 pounds, the dollar price inside official banks also fell today near the levels of 50.50 pounds, with a slight decline in the dollar price in the parallel market inside Egypt at the levels of 50.75 pounds.
