The price of gold in Egypt Today, Wednesday, February 5, 2025
The global price of gold
Gold prices rose on Wednesday to the highest level in history near the levels of 2870 dollars per ounce, supported by fears of a new trade war between the United States and China after Beijing imposed tariffs on U.S. imports in response to new U.S. tariffs on Chinese goods.
The inflationary impact of tariffs may enhance the attractiveness of gold as a hedge against price pressures and geopolitical uncertainty.
Investors are also looking forward to this week's labor data, especially Friday's non-farm payrolls report, which may provide more insights into the strength of the US economy.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Wednesday, as the 21st highest traded gold in Egypt exceeded the levels of 4000 pounds, for the first time in history and reaches the levels of 4020 pounds currently.
The price of 24-carat gold in Egypt also recorded rises today towards the levels of 4594 pounds, while 18-carat gold is trading at the levels of 3446 pounds per gram.
The price of the goldsmith's dollar also rose to reach the levels of 49.80, and the dollar price inside official banks also fell to the levels of 50.37 pounds, and the dollar price in the parallel market inside Egypt did not move from yesterday's levels near 50.65 pounds.
For more follow-up and real-time prices, you can visit our website from here
You can download our application from Google Play and Apple Store here
