The price of gold in Egypt Today, Tuesday, March 4, 2025
The global price of gold
Gold prices rose on Tuesday near the levels of 2920 dollars per ounce on Tuesday, after the United States of America escalated its trade war with Mexico, Canada and China by imposing tariffs as of Tuesday, there are fears of rising inflationary pressures and these fears may lead investors to resort to safe assets, such as gold bullion.
Investors are now waiting for the ADP employment report due on Wednesday and the non-farm payrolls report on Friday for more clues on the Fed's interest rate path.
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 4130 pounds.
The price of 24-carat gold in Egypt recorded levels of 4720 pounds, while 18-carat gold is trading at levels of 3540 pounds per gram.
The dollar price in Egypt has not moved today, as the price of the goldsmith's dollar is still trading at levels of 50.30 pounds, as well as the dollar price inside official banks at levels of 50.72 pounds, and the dollar price on the black market inside Egypt is hovering at levels of 50.98 pounds.
