The price of gold in Egypt Today, Monday, March 3, 2025
The global price of gold
Gold prices rose on Monday with the start of the trading week near the levels of 2870 dollars per ounce, due to fears of tariffs imposed by Trump on Canada and Mexico.
These tariffs are scheduled to come into force on the Fourth of March, along with additional duties of 10% on Chinese goods.
On the other hand, renewed concerns about the health of the US economy have strengthened market expectations for an interest rate cut by the Fed, increasing the attractiveness of bullion as a non-yielding asset.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Monday, where the 21st highest traded gold in Egypt recorded levels of 4060 pounds.
The price of 24-carat gold in Egypt recorded levels of 4640 pounds, while 18-carat gold is trading at levels of 3480 pounds per gram.
The price of the goldsmith's dollar in Egypt also declined, trading at the levels of 50.30 pounds, while the dollar price in official banks on Monday rose slightly to the levels of 50.72 pounds, and the dollar price on the black market inside Egypt rose to the levels of 50.98 pounds.
