Tuesday 01 April/2025 – 03:36 AM
Gold prices in the local market increased by 18 % during the first quarter trading from 2025, while the ounce of the global stock exchange increased by 19 %, to record its largest quarterly gain in 39 years, due to the strong demand for gold, as a safe haven, as a result of the state of economic and geopolitical certainty, and according to the report of the “i -saga” platform.
Said Imbabi, Executive Director of the “i -Salaf” platform for gold and jewelry circulation via the Internet, said that gold prices in local markets increased by 565 pounds during the first quarter trading of this year, where the gram of 21 carat gold opened trading with the beginning of January at the level of 3740 pounds, and touched the level of 4425 pounds, and concluded transactions at the end of March at the level of 4420 pounds, while the verse rose The World Stock Exchange is about 502 dollars during the first quarter trading, as the transactions opened at the level of 2624 dollars, and touched the level of 3128 dollars as the highest level in its hiking on March 31, and concluded the transactions at the level of 3126 dollars.
Gold price today in Egypt
The Executive Director of the “ija’a” platform said that the gold prices increased by 9 %, at a value of 370 pounds during the month of March, where the price of a gram of 21 carat gold opened trading at the level of 4050 pounds, and concluded transactions at the level of 4420 pounds, while the ounce of the global stock exchange increased by 9.4 %, at a value of 268 dollars, where transactions opened at the level $ 3126.
According to the daily report of the “i -saga” platform, the gold prices in local markets increased by 35 pounds during the trading yesterday, as the price of a gram of 21 carat gold opened trading at the level of 4385 pounds, and touched the level of 4425 pounds, and concluded the transactions at 4420 pounds, while the ounce of the global stock exchange increased, at a value of 41 dollars, where the transactions opened at the level of $ 3085, The level of $ 3128 touched on March 31, as the highest level in its history, and concluded trading at $ 3126.
Embaby explained that gold prices recorded their highest levels ever, at 3128 dollars, driven by high demand due to the increasing fears of continued inflation, uncertainty about global trade, and escalating geopolitical tensions, prompting the continuity of gold as a hedge.
He added, and this last increase in prices comes as the American administration is preparing to implement new customs tariffs on various products from multiple countries, including Canada and Mexico, the largest commercial partner of the United States, and President Trump called April 2 the name “Tahrir Day”.
He pointed out that the continuation of geopolitical tensions and the emergence of economic uncertainty increases the attractiveness of gold as a safe haven, which pave the way for more gains in the coming months, as investor concerns about the potential impact of Donald Trump’s customs duties increases, fearing that these policies will lead to low growth, high inflation, decline in international trade, and the weakness of the global system.
He pointed out that the American threat to take revenge measures and interruptions in global supplies has strengthened inflation and slowdown, conditions that historically pushed gold prices to rise, and this move comes at a time when the Morgan Stanley Capital International MSCI global decrease, which reflects a shift from dangerous assets to safe haven.
He added, that the dollar is still under pressure, as fears of the US economy are expected to expect that the Federal Reserve will soon begin to reduce interest rates again, as markets are witnessing more expectations for the US Federal Reducing interest rates during the coming period.
Last week, analysts from Goldman Sachs, Soundte General and Bank of America raised their expectations for prices, specifying the level of $ 3300 as a major goal next by the end of the year.
Meanwhile, the four largest insurance companies in China, which runs the assets of 13 trillion yen, launched a experimental program for the purchase of gold, with expected flows equivalent to 183 tons, and this represents nearly half of the purchases of the central central banks last year, and this strategic transformation reflects a deeper institutional trend towards gold as a way to hedge from inflation and a budget for geopolitical risks, and besides demand The constant on the investment funds and the continuous accumulation of central banks, this institutional wave provides strong support for this height.
In a related context, the markets are awaiting the Trump Administration application for customs duties on world trade on Wednesday, and the non -agricultural job report for March on Friday, as analysts warn that both things may enhance the attractiveness of gold as a safe haven, and other prominent data includes the ISM manufacturing directors and work opportunities available in Jolts on Tuesday, the ADP employment index on Wednesday, and a manager index ISM service purchases and weekly unemployment requests on Thursday.
