The price of gold in Egypt Today, Friday, August 15, 2025
The global price of gold
Gold futures rose slightly, with prices remaining in a narrow range. Futures rose by 0.1% to 3,386.80 dollars per ounce, with low trading volumes.
The price of the precious metal is likely to remain between 3,300 and 3,400 dollars in the near term,in the absence of clear catalysts capable of breaking the deadlock between upward and downward pressures.
The Trump administration's confirmation of the non-imposition of tariffs on gold significantly eased the market panic, as well as the extension of the US-China tariff exemption for 90 days, the exemption of Japanese goods from tariffs, and strong flows on US stocks, all factors negatively affected the demand for safe havens in the short term.
But strong expectations of a US interest rate cut in September and concerns about the independence of the Federal Reserve, keep gold in a good position and it is possible to climb again.
The price of gold in Egypt
Gold prices in Egypt fell on Friday, as the 21st highest traded gold in Egypt is now trading at levels of 4555 pounds.
The price of 24-carat gold in Egypt also recorded declines to the levels of 5206 pounds, while 18-carat gold is trading at the levels of 3904 pounds per gram.
On the other hand, the price of the dollar minted in Egypt rose to levels of 48.50 pounds, while the dollar price inside the official banks in Egypt also rose slightly to levels of 48.38 pounds, and the dollar price in the black market is now trading levels of 48.62 pounds.
