The price of gold in Egypt Today, Wednesday, June 04, 2025
The global price of gold
Gold prices rose as a result of continued concerns about tariffs, geopolitical concerns, and the weakening of the US dollar.
The precious metal is experiencing a rise thanks to the demand for it as a safe haven, as geopolitical tensions continue to worsen, and the uncertain US tariff situation leads to increased market volatility.
The position of gold as a safe haven has been strengthened as a result of the weakening of the US dollar, and central banks also continue to increase their reserves, albeit at a slower pace.
Markets are awaiting employment data this week, starting today with the ADP private sector jobs report, followed by weekly unemployment claims data tomorrow, Thursday, and the most important report, the nonfarm payrolls report for May, which will be released next Friday.
The price of gold in Egypt
Gold prices rose in Egypt on Wednesday, with the 21st highest traded gold in Egypt now trading at levels of 4,700 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5371 pounds, while 18-carat gold is trading at levels of 4029 pounds per gram.
On the other hand, the price of the dollar minted today in Egypt rose to the levels of 49.70 pounds, while the dollar price within the official banks in Egypt declined slightly to the levels of 49.72 pounds, and the dollar prices in the black market did not move down from the levels of 50.00 pounds.
