The price of gold in Egypt Today, Friday, January 17, 2025
The global price of gold
Gold prices rose this week to levels above 2720 dollars per ounce before narrowing their gains for the day to almost 2710 dollars early on Friday.
Gold is heading for its third weekly gain thanks to bets of an interest rate cut by the Federal Reserve.
The rise in the precious metal comes despite the fact that the entity reached an agreement with Hamas to stop all acts of war and release the hostages.
However, negotiations are still ongoing and things may turn upside down at any moment, gold traders remain with their finger on the button, ready to launch their long orders and take advantage of safe haven assets.
The price of gold in Egypt
On the other hand, gold prices in Egypt fell slightly on Friday, as the price of the 21st highest traded gold in Egypt reached near the levels of 3793 pounds.
The price of 24-karat gold in Egypt also recorded levels of 4335 pounds today, while 18-karat gold is trading at levels of 3251 pounds per gram.
The price of the goldsmith's dollar in Egypt also declined to trade today at the levels of 49.80 pounds, the dollar price inside official banks also declined today near the levels of 50.45 pounds, with slight declines for the dollar price in the parallel market inside Egypt at the levels of 50.70 pounds.
