The price of gold in Egypt Today Monday, August 18, 2025
The global price of gold
Gold prices rose today at the levels of USD 3,357 (before falling), as traders ' eyes turned to Washington in anticipation of a very important hastily arranged meeting.
Ukrainian President Volodymyr Zelensky and a group of European leaders will try to pressure Donald Trump for real security guarantees in talks aimed at ending Russia's war on Ukraine.
Almost six months ago, Zelensky was unceremoniously kicked out of the White House after falling out with Trump live on air over his insistence that Kiev needed firm defense commitments, and Zelensky's return to Washington on Monday brings this issue back to the forefront.
European leaders support Zelensky, urging Trump to adhere to long-term guarantees instead of the model of a quick ceasefire and territorial cession put forward by Vladimir Putin.
However, Ukrainian officials are optimistic about indications that Trump may be open to providing binding U.S. security guarantees after the war.
Why is gold rising here?
Gold, as a safe haven, is rising because markets realize that geopolitical uncertainty generates risk aversion.
The possibility of the failure or fragility of the peace process and the extension of the war could boost demand for the precious metal and keep capital stacked in risk-free deals, a traditional hedge when uncertainty escalates.
The price of gold in Egypt
Gold prices rose in Egypt on Monday,with the 21st highest traded gold in Egypt now trading at levels of 4540 pounds.
The price of 24-carat gold in Egypt also recorded increases almost to the levels of 5190 pounds, while 18-carat gold is trading at the levels of 3890 pounds per gram.
On the other hand, the price of the dollar issued in Egypt fell to the levels of 48.20 pounds, while the dollar price inside the official banks in Egypt also fell to the levels of 48.38 pounds, and also the dollar price in the black market to the levels of 48.62 pounds.
