Gold price in Egypt Today Friday 03 January 2025
The global price of gold
Gold prices rose on Friday to a three-week high as the US dollar weakened and safe haven flows, with the precious metal rising by about 1.5% this week.
Gold is likely to remain bullish in 2025, driven by geopolitical risks and expectations of rising government debt due to deep fiscal deficits under the Trump administration, despite potential challenges from slower interest rate cuts by the Fed and a stronger dollar, as mentioned here in the 2025.
gold price forecast. Trump's proposed policies that could lead to higher inflation have prompted investors to look for safe assets such as gold, which have historically been considered a haven in times of crisis.
Demand from central banks is also set to remain strong as financial and geopolitical uncertainty continues around the world.
The price of gold in Egypt
On the other hand, gold prices in Egypt rose on Friday, as the price of the 21st highest traded gold in Egypt rose near the levels of 3770 pounds.
The price of 24-carat gold in Egypt also recorded further rises today, reaching levels of 4309 pounds, and 18-carat gold is also trading at levels of 3231 pounds per gram.
The price of the dollar minted in Egypt also declined today at the levels of 50.50 pounds, and the dollar price inside official banks also declined slightly today to trade near the levels of 50.85 pounds, with the dollar price in the parallel market inside Egypt at the levels of 51.20 pounds.
