The price of gold in Egypt Today, Tuesday, May 27, 2025
The global price of gold
The price of gold fell on Tuesday for the second day in a row, and it is under pressure from a range of factors, the most important of which at the moment are US President Donald Trump's postponement of imposing heavy tariffs on Europe, in addition to a slight recovery of the US dollar, as the slight rise in the value of the US dollar is a major factor in pushing flows away from the commodity.
But investors are still worried amid the surrounding uncertainty due to Trump's trade policies, fears of a deterioration in the US financial situation, and continuing geopolitical risks.
Moreover, bets that the Fed will cut interest may limit any tangible appreciation of the US dollar, and serve as a support for the price of non-yielding gold.
Therefore, any subsequent decline of gold may be perceived as a buying opportunity.
The price of gold in Egypt
Gold prices in Egypt fell on Tuesday, as the 21st highest traded gold in Egypt is now trading at levels of 4627 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5288 pounds, while 18-carat gold is trading at levels of 3966 pounds per gram.
On the other hand, the price of the dollar minted today in Egypt reached the levels of 49.90 pounds, while the dollar price in official banks inside Egypt fell at the levels of 49.87 pounds, the dollar price in the black market also fell slightly to the levels of 50.15 pounds.
