The price of gold in Egypt Today, Friday, July 25, 2025
The global price of gold
Gold prices fell on Friday near the levels of 3350 dollars per ounce for the third day in a row, due to signs of a trade agreement between the United States and the European Union, similar to Washington's recent agreement with Japan, which led to a decline in demand for safe haven assets such as the yellow metal.
It is expected that the proposed agreement will impose a tariff of 15%, which is much more acceptable than the 30% tariff that was previously put forward.
This is bad news for gold, which thrives on uncertainty and market tensions.
However, the weakness of the US dollar over the past period may have reduced the bullion losses somewhat.
Markets are also now expecting fewer than two interest rate cuts this year, with the cut expected in October.
Meanwhile, investors also noted the renewed tension between President Trump and Fed Chairman Powell, as they disagreed about the costs of replenishing the central bank.
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 yesterday's levels at 4645 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5309 pounds, while 18-carat gold is trading at levels of 3981 pounds per gram.
On the other hand, the price of the dollar minted on Friday in Egypt rose to the levels of 49.20 pounds, while the dollar price has not moved inside the official banks in Egypt since yesterday from the levels of 49.14 pounds, and also the dollar price in the black market, which is trading at the levels of 49.39 pounds.
