The price of gold in Egypt Today, Friday, June 27, 2025
The global price of gold
The price of gold fell to a 4-week low of USD 3,265 per ounce.
Fading geopolitical risks and receding fears of a long-term trade conflict have led to a decline in safe haven demand, and markets viewed a trade agreement between the United States and China on Thursday on how to speed up shipments of rare metals to the United States as a positive sign, amid efforts to end the tariff war between the world's two largest economies.
With the White House downplaying the importance of the upcoming deadlines for tariffs, which indicate the possibility of extending them again, further easing trade concerns.
On the other hand, investors continued to evaluate the expectations of interest rate cuts by the Federal Reserve, as reports indicate that President Trump may announce his nominee for the post of Fed chairman as early as September or October, and is likely to prefer a candidate who supports easing financial conditions.
The price of gold in Egypt
Gold prices in Egypt fell strongly on Friday,as the 21st highest traded gold in Egypt is now trading at yesterday's levels at 4620 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5280 pounds, while 18-carat gold is trading at levels of 3960 pounds per gram.
On the other hand, the exchange rate of the dollar is trading on Thursday in Egypt near the levels of 50.30 pounds, while the dollar rate has not moved within the official banks in Egypt and is now trading at the levels of 49.95 pounds, and the dollar rate is also trading in the black market at the levels of 50.20 pounds.
