The price of gold in Egypt Today, Friday, March 14, 2025
The global price of gold
Gold hit a historic high today, is on its way to making gains for the second week in a row, and is also very close to reaching the levels of 3000 dollars.
As the modest US inflation figures reinforced hopes that the Fed will ease its monetary policy, the market has taken into account another cut of 25 basis points in June, with an expected easing of about 70 basis points for the whole year.
Another reason for the strong rise of the precious metal was fears that tariffs would lead to an increase in inflation and slow economic growth, which prompted investors to look for safe haven assets.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Friday, and the 21st highest traded gold in Egypt recorded new levels at 4215 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4817 pounds, while 18-carat gold is trading at levels of 3613 pounds per gram.
Gold in Egypt rose strongly despite the decline in the price of the goldsmith's dollar in Egypt Today, which is trading at levels of 50.00 pounds, now that the rise in the global price of gold and achieving record levels had a strong impact on its local price, while the dollar price is trading inside official banks in Egypt Today at levels of 50.70 pounds, with a slight decline in the dollar price on the black market inside Egypt to levels of 50.97 pounds.
