The price of gold in Egypt Today Tuesday 06 May 2025
The global price of gold
The price of gold has risen by almost 5% since the beginning of the week, reaching a session high of USD 3,387 on Tuesday morning, as investors decided to buy this safe asset ahead of the upcoming Federal Reserve meeting this week.
The yellow metal continues to thrive in an environment filled with political tension, vague inflation signals, and a wave of economic uncertainty fueled by Trump's maneuvers on tariffs.
On the other hand, it is widely expected that the Fed will keep interest rates steady in the 4.25%:4.50% range, which has been stable since December, but it is the tone of the message of US Federal Reserve Governor Jerome Powell that will move the markets.
Look for indications that interest rate cuts are imminent (especially after Trump has been demanding them for weeks), or whether the central bank is still worried about turbulent inflation and geopolitical situations.
The price of gold in Egypt
Gold prices in Egypt rose again strongly on Monday, as the 21st highest traded gold in Egypt is now trading at levels of 4800 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5486 pounds, while 18-carat gold is trading at levels of 4114 pounds per gram.
On the other hand, the price of the goldsmith's dollar in Egypt has not moved today and is still trading at the levels of 50.50 pounds, while the dollar price in official banks inside Egypt has fallen to the levels of 50.73 pounds, and also the dollar price in the black market at the levels of 50.98 pounds.
