The price of gold in Egypt Today, Wednesday, April 23, 2025
The global price of gold
Gold prices fell today after yesterday reaching levels of 3,500 dollars per ounce, as Trump retreated from his threats to dismiss the head of the Federal Reserve and his optimism to impose tariffs, as Trump stated that tariffs on China will be significantly reduced after reaching an agreement.
His lenient attitude towards the Fed chairman, as well as his comments on China, eased some of the market's fears and negatively affected the yellow metal.
On the other hand, the International Monetary Fund on Tuesday lowered its growth forecasts for the United States and the world this year, and Trump's tariff policy was the main reason behind this reduction.
JP Morgan also expects gold prices to exceed USD 4,000 next year.
The price of gold in Egypt
Gold prices in Egypt fell on Wednesday, as the 21st highest traded gold in Egypt is now trading at levels of 4815 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5503 pounds, while 18-carat gold is trading at levels of 4234 pounds per gram.
The price of the dollar minted in Egypt rose today to the levels of 51.40 pounds, with declines in the dollar rate within the official banks in Egypt at the levels of 51.02 pounds, and also the dollar rate on the black market in Egypt at the levels of 51.28 pounds.
