The price of gold in Egypt Today, Thursday, April 10, 2025

The global price of gold

Gold prices rose on Thursday near the levels of 3132 dollars per ounce and approached its record peak achieved last week at 3167 dollars per ounce, after yesterday achieving its largest daily gain ever.

Trump also announced on Wednesday that he would temporarily reduce the exorbitant tariffs he recently imposed on most countries of the world, but raised tariffs on China from 104% to 125% following Beijing's decision to impose an 84% tax on US goods.

The minutes of the meeting of the US Federal Reserve last month showed that policymakers were almost unanimous that the US economy faces simultaneous risks of rising inflation and slowing growth, and currently the markets are pricing 4 times a cut to US interest rates during the current year.

Gold bullion is considered a safe haven amid geopolitical and economic uncertainty, and tends to thrive in a low interest rate environment.

The price of gold in Egypt

Gold prices rose in Egypt Today, Thursday, where the 21st highest traded gold in Egypt is trading at levels of 4475 pounds.

The price of 24-carat gold in Egypt also recorded levels of 5114 pounds, while 18-carat gold is trading at levels of 3836 pounds per gram.

The price of the goldsmith's dollar in Egypt fell today to the levels of 51.00 pounds, with a strong decline in the dollar price inside the official banks in Egypt to the levels of 51.31 pounds, The dollar price also fell on the black market in Egypt to 51.57 pounds.

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