The price of gold in Egypt Today, Thursday, April 3, 2025
The global price of gold
Gold retreated on Thursday after reaching an all-time high as a result of Trump's tariffs, as gold prices took a break and took profits today after rising to an all-time high following US President Donald Trump's announcement of comprehensive import tariffs. We expect this downward correction to continue today and possibly until the end of the week, before the precious metal rises again next week.
It is worth mentioning that central banks ' purchases of gold and inflows of Strategic Funds may push prices towards USD 3,200 in the coming months.
Gold stocks at COMEX warehouses in the United States have also jumped in recent months amid concerns that import tariffs may limit shipments, but the duties will not apply to certain commodities such as gold, copper, energy and some metals that are not available in the United States.
The yellow metal is expected to continue to be supported by concerns about possible retaliatory measures from US trading partners, which may further escalate global trade tensions.
Gold may therefore remain in good demand this year, as geopolitical risks overlap with economic, political and trade uncertainty.
The price of gold in Egypt
Gold prices in Egypt fell on Thursday, as the 21st highest traded gold in Egypt is trading at levels of 4440 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5074 pounds, while 18-carat gold is trading at levels of 3806 pounds per gram.
The dollar prices in Egypt rose today, as the price of the dollar minted in Egypt rose strongly today to the levels of 50.60 pounds, the dollar price inside the official banks in Egypt also rose at the levels of 50.65 pounds, while the dollar price on the black market in Egypt rose slightly to the levels of 50.89 pounds.
