Gold prices in Egypt Today, Wednesday, May 28, 2025
The global price of gold
It recovered on Wednesday, making up half of its 1.3% loss suffered on Tuesday. The yellow metal is trying to find a way to interact with the ongoing trade talks between the United States and the European Union.
Gold retreated yesterday after risk sentiment returned to the forefront, and therefore gold became blown away, especially with the rise of stocks, digital currencies, and even the US dollar.
But today the markets were not completely confident of reaching a trade agreement, any signs of a failure in the talks or any sudden rise in inflation could revive the Safe Haven market.
Investors attention is now turning to the release of the minutes of the Federal Reserve meeting later on Wednesday, and personal consumption expenditure inflation data on Friday.
Both could provide more insight into the Fed's path towards easing monetary policy.
The price of gold in Egypt
Gold prices in Egypt rose again on Wednesday, as the 21st highest traded gold in Egypt is now trading at levels of 4642 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5305 pounds, while 18-carat gold is trading at levels of 3979 pounds per gram.
On the other hand, the price of the dollar issued today in Egypt reached the levels of 49.60 pounds, while the dollar price in official banks inside Egypt declined slightly to the levels of 49.86 pounds, the dollar price in the black market also declined to the levels of 50.10 pounds.
