The price of gold in Egypt Today, Tuesday, February 25, 2025
The global price of gold
Gold prices rose this week and peaked to a new record high during yesterday Monday near the levels of 2,956 dollars, and the price of gold is still trading near its highs specifically at the levels of 2940 dollars per ounce.
The tariffs that Trump is waving served as fuel for the precious metal, as gold traders fear that they will be dealt with with tariffs, as gold has historically been exempt from additional import tax duties, and therefore the demand for Safe Haven continues to support the yellow metal.
There is concern that Trump's tariffs could lead to increased inflation, shake consumer spending, erode corporate profits and lead to all kinds of economic and stock-related problems.
The personal consumption expenditures (PCE) index, due to be released on Friday, is one of the most important indicators that investors are watching, which may provide clues about the future course of interest rates.
The price of gold in Egypt
On the other hand, gold prices in Egypt fell slightly on Tuesday, as the 21st highest traded gold in Egypt recorded levels of 4155 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4749 pounds, while 18-carat gold is trading at levels of 3561 pounds per gram.
One of the reasons for the decline in the price of gold locally today is the decline in the price of the dollar of Goldsmiths, which fell to the levels of 50.20 pounds, despite the rise in the dollar price within Official banks today, slight rises down to the levels of 50.66 pounds, the price of the dollar in the black market inside Egypt also rose to the levels of 50.90 pounds.
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