The price of gold in Egypt Today, Wednesday, March 5, 2025
The global price of gold Gold
prices rose on Wednesday and are trading near the levels of 2915 dollars per ounce, as Trump said that more tariffs will follow on the second of next April, including mutual tariffs and non-tariff measures aimed at balancing years of trade imbalance.
This came after he implemented new tariffs of 25% on imports from Mexico and Canada, which came into force on Tuesday, along with doubling tariffs on Chinese goods to 20%.
At the same time, China, the largest consumer of bullion, launched more fiscal stimulus, promised greater efforts to support consumption and mitigate the impact of the escalating trade war with the United States.
The markets are now waiting for the ADP employment report due to be released at 3: 30 pm Egypt time, as well as the US non-farm payrolls on Friday for signals about the course of US interest rates.
The price of gold in Egypt
On the other hand, gold prices rose in Egypt on Wednesday, where the 21st highest traded gold in Egypt recorded levels of 4125 pounds.
The price of 24-carat gold in Egypt recorded levels of 4714 pounds, while 18-carat gold is trading at levels of 3536 pounds per gram.
The dollar price in Egypt did not move today, as the price of the goldsmith's dollar is still trading at the levels of 50.30 pounds, but the dollar price inside the official banks in Egypt rose to the levels of 50.77 pounds, and the dollar price on the black market inside Egypt rose to the levels of 51.02 pounds.
