Wed 09/April/2025 – 12:43 AM
The price of the gold pound in Egypt decreased by about 320 pounds over the current week’s transactions, despite the wave of global fluctuations that struck the prices of yellow and the dollar, which is the most important influential factor in gold.
The price of the gold pound declined in Egypt
The price of the gold pound in Egypt today recorded about 34,640 pounds, compared to 34,960 pounds last Saturday, according to the lists of chambers of commerce.
Saeed Imbabi, a gold market expert in a statement, said yesterday, Tuesday, that the price of gold in the Egyptian markets witnessed a state of altitudes during the last period despite the wave of retreats that the global stock exchange was exposed to, due to the decline in the pound against the dollar, due to its lowest levels ever.
Imbabi added that the investment demand in the local markets on the gold, which was rising during this period of each year, is witnessing a state of slowdown due to the high prices, the decline in the purchasing power of citizens, and the demand is limited to the desires of marriage.
Gold prices on the international stock exchange
Saeed Imbaby pointed to the rise in gold prices on the global stock exchange after a wave of decline at the beginning of the week, with the support of the high demand, due to the tensions of customs duties and the increase in bets to reduce American interest, amid increasing geostonia tensions and war signs between the United States of America and China.
Saeed Imbabi confirmed that the threats of US President Donald Trump to impose additional customs duties by 50% on Chinese imports, and Beijing responded to preparing to fight to the end in the World Trade War, strengthening the state of uncertainty in markets and increasing turmoil, prompting investors to hedge gold.
