The price of gold in Egypt Today, Friday, July 11, 2025
The global price of gold
Gold futures rose, maintaining their high after making slight gains in the previous two sessions.
The precious metal rose today near the levels of 3,340 dollars per ounce, as the market assessed the risks of tariffs and the uncertainty of the prospects for easing monetary policy.
President Trump's sweeping tariff proposals, which include the imposition of new duties on imports of Canada, Brazil and copper, have also increased market uncertainty ahead of the August first tariff application deadline, enhancing the attractiveness of gold as a safe haven.
It is worth noting that gold has risen by about 27% since the beginning of the year due to geopolitical tensions, purchases by central banks and ongoing economic concerns.
The price of gold in Egypt
Gold prices rose in Egypt Today, Friday, where the 21st highest traded gold in Egypt is now trading at yesterday's levels at 4635 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5297 pounds, while 18-carat gold is trading at levels of 3973 pounds per gram.
On the other hand, the price of the dollar minted on Friday in Egypt rose to the levels of 49.40 pounds unchanged, while the dollar rate inside the official banks in Egypt did not move around the levels of 49.55 pounds, and the dollar rate in the black market is also around from the levels of 49.81 pounds.
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