The price of gold in Egypt Today, Tuesday, March 11, 2025
The global price of gold
Gold prices rose on Tuesday to the levels of 2911 dollars per ounce, driven by the weakness of the US dollar and safe haven flows due to growing concerns about the US economic outlook amid escalating trade tensions, currently targeting $2920/25 per ounce levels, noting that gold declined the previous session with the start of trading the week near the levels of 2280 dollars.
US President Donald Trump's volatile trade policies, from imposing and delaying tariffs on Canada and Mexico, have unsettled global financial markets, while raising tariffs on Chinese goods and China and Canada responded by imposing their own tariffs.
Investors are now looking forward to inflation data in the United States, which will be released later this week and which may affect the monetary policy position of the Federal Reserve.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Tuesday, where the 21st highest traded gold in Egypt recorded levels of 4120 pounds.
The price of 24-carat gold in Egypt recorded levels of 4709 pounds, while 18-carat gold is trading at levels of 3531 pounds per gram.
The price of the goldsmith's dollar in Egypt did not move today today, and it is still trading at the levels of 50.30 pounds, the dollar price inside the official banks in Egypt also declined slightly down to the levels of 50.66 pounds, and the dollar price on the black market inside Egypt also declined to yesterday's levels at 50.93 pounds.
