Gold price movements today Thursday 03 July 2025
The global price of gold
Gold prices rose today around the levels of 3,350 dollars per ounce, as investors awaited crucial US economic data today.
The precious metal rose ahead of the release of the US NFP non-farm payrolls data, and these data will be closely watched for new indicators on the economic outlook and the size and scope of possible interest rate cuts by the Federal Reserve.
Interest-free gold usually benefits from lower interest rates.
Gold has steadily recovered most of its losses incurred at the end of June as a result of continued market uncertainty, amid growing fears that President Trump's massive tax and spending bill will add 3.3 trillion dollars to the fiscal deficit.
The price of gold in Egypt
Gold prices rose in Egypt on Thursday,with the 21st highest traded gold in Egypt now trading at yesterday's levels at 4665 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5331 pounds, while 18-carat gold is trading at levels of 3999 pounds per gram.
On the other hand, the dollar exchange rate is trading on Thursday in Egypt at the levels of 49.40 pounds unchanged, and the dollar rate inside the official banks in Egypt did not move around the levels of 49.40 pounds, but the dollar price in the black market has declined near the levels of 49.66 pounds.
