The price of gold in Egypt Today, Tuesday, July 22, 2025
The global price of gold
The precious metal rose on Tuesday to USD 3,402, its highest level in 5 weeks, before its gains were reversed to trade at USD 3,383 per ounce.
Traders are now looking forward to the deadline for imposing tariffs on the first of August, as President Trump has threatened to impose comprehensive tariffs of 30% on European imports if no agreement is reached.
EU officials are already preparing a wider range of countermeasures.
On the other hand, the ECB is expected to keep interest rates at 2.0% at the conclusion of its meeting on Thursday.
Speaking of the Federal Reserve, its Chairman Jerome Powell is scheduled to give a speech on Tuesday at a conference in Washington.
Trump also made fiery statements about his dismissal, albeit unlikely, but they make traders monitor the situation very carefully.
Even without raising any tensions, Powell's tone may move the markets, especially if he tends to caution before the Federal Open Market Committee meeting next week, then expect further rises in gold prices and a decline in the value of the dollar.
The price of gold in Egypt
Gold prices rose in Egypt Today, Tuesday, where the 21st highest traded gold in Egypt is 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 price of the dollar issued on Tuesday in Egypt fell to the levels of 49.00 pounds, while the dollar price inside the official banks in Egypt fell to the levels of 49.10 pounds, and the dollar price in the black market also fell to the levels of 49.35 pounds.
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