The price of gold in Egypt Today, Friday, March 21, 2025
The global price of gold
Gold prices have stabilized today near the levels of 3030 dollars per ounce, and the precious metal is still well supported.
It is heading for its third weekly gain, driven by cautious signals from the Federal Reserve and safe-haven demand.
Investors bought gold as a hedge against the vagaries of Trump's policies, while central banks buy gold to reduce their dependence on the US dollar.
We expect that in the long term, increased geopolitical risks will support further gold's ascent. The markets are also preparing for the approaching deadline for Trump to apply reciprocal tariffs on countries that have imposed tariffs on US goods on the second of next April, which increases global trade concerns.
The price of gold in Egypt
On the other hand, gold prices in Egypt remained stable on Friday for the third day in a row, as the 21st highest traded gold in Egypt recorded levels of 4285 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4897 pounds, while 18-carat gold is trading at levels of 3673 pounds per gram.
The price of the goldsmith's dollar is also trading in Egypt Today at the levels of 50.30 pounds, while the dollar price has not changed inside the official banks in Egypt Today, which is trading at the levels of 50.65 pounds, with a slight decline in the dollar price on the black market inside Egypt to the levels of 50.91 pounds.
