The price of gold in Egypt Today, Thursday, March 6, 2025
The global price of gold
Gold prices fell on Thursday to trade lows of 2900 dollars per ounce despite the weakness of the US dollar in relatively volatile trading, as the precious metal gave up its gains made earlier in the session in anticipation of the upcoming US economic data, represented by non-farm payroll data on Friday tomorrow in search of evidence of the Fed's path towards easing monetary policy.
If the data comes out lower than expected, it will raise hopes for a reduction in interest rates, which is a boon for interest-bearing bullion, and vice versa if the data is positive.
The price of gold in Egypt
On the other hand, gold prices in Egypt fell on Thursday, as the 21st highest traded gold in Egypt recorded levels of 4110 pounds.
The price of 24-carat gold in Egypt recorded levels of 4697 pounds, while 18-carat gold is trading at levels of 3523 pounds per gram.
The price of the goldsmith's dollar also rose today near the levels of 50.40 pounds, the dollar price inside the official banks in Egypt also rose to the levels of 50.80 pounds, and the dollar price in the black market inside Egypt did not move from yesterday's levels at 51.02 pounds.
