The price of gold in Egypt Today, Tuesday, May 20, 2025
The global price of gold
Gold prices rose above the levels of 3230 dollars per ounce on Tuesday, as persistent concerns about the US economic outlook and the fiscal deficit continued to support the demand for safe assets.
Moody's lowered the credit rating of the United States, the reasons for this reduction were high debts and much higher interest than those recorded by countries with a similar rating.
The market's attention is now turning to the speeches of a number of Fed officials later today, which may provide more clarity on the expectations of the central bank's policy and the health of the US economy.
On the geopolitical front, US President Donald Trump said on Monday, after a phone call with Russian President Vladimir Putin, that Ukraine and Russia will begin negotiations on a ceasefire, but perhaps without US intervention.
The price of gold in Egypt
Gold prices rose in Egypt on Tuesday, with the 21st highest traded gold in Egypt now trading at levels of 4550 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5200 pounds, while 18-carat gold is trading at levels of 3900 pounds per gram.
On the other hand, the price of dollars minted today in Egypt fell to the levels of 50.00 pounds, while the dollar price in official banks inside Egypt fell to the levels of 50.00 pounds, and the dollar price in the black market also fell to the levels of 50.26 pounds.
