Gold prices surge to record high amid global uncertainty

Gold prices reached a record high on Monday, continuing a rally from last week as uncertainty over the US election and anticipation of Israel’s retaliation against Iran fuelled safe haven demand.

Spot gold prices gained 0.14 per cent at 6:16 GMT to go up to $2,720.25 per ounce, compared to weekend’s closing price of $2,607.82. Meanwhile, US gold futures dropped 0.34 per cent to $2,739.15, compared to Friday’s closing of $2,730.0.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

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Egypt’s gold prices surge on Thursday

Egypt’s gold prices surged on Thursday, January 30, 2025, as of 1:25 pm CLT (11:25 GMT), compared to prices recorded on January 29, 2025, according to an electronic gold price platform.

Metal January 30th (EGP) January 29th (EGP) Change %
24 Carat 4,428.50 4,405.75 0.52
21 Carat 3,875.00 3,855.00 0.52
18 Carat 3,321.50 3,304.00 0.53
14 Carat 2,583.25 2,570.00 0.52
Gold Pound 31,000.00 30,840.00 0.52

It’s important to note that gold prices may fluctuate throughout the day. This information reflects the pricing data as of a specific time.

(1 United States dollar = 50.25 Egyptian pounds)

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

Gold rises on weaker dollar, trade concerns

Gold prices rose on Thursday due to a weaker dollar, with investors closely monitoring US President Donald Trump’s trade tariff proposals and an important inflation report for potential signals on future monetary policy.

Spot gold prices increased at 8:51 AM GMT by 0.49 per cent to $2,773.26 per ounce, compared to the previous closing price of $2,759.81.

Meanwhile, US gold futures also rose 0.55 per cent to $2,808.76, compared to Wednesday’s closing of $2,793.5.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama

 

Egypt’s gold prices slightly up on Wed. Jan 29th

Egypt’s gold prices increased slightly on Wednesday, January 29, 2025, as of 11:40 pm CLT (09:40 GMT), compared to prices recorded on January 28, 2025, according to an electronic gold price platform.

Carat January 29th (EGP) January 28th (EGP) Change %
24 Carat 4,405.75 4371.50 0.78
21 Carat 3,855.00 3825.00 0.78
18 Carat 3,304.25 3278.50 0.79
14 Carat 2,570.00 2550.00 0.78
Gold Pound 30,840.00 30600.00 0.78

It’s important to note that gold prices may fluctuate throughout the day. This information reflects the pricing data as of a specific time.

(1 United States dollar = 50.25 Egyptian pounds)

Attribution: Amwal Al Ghad English

Egypt’s gold prices fall 0.78% on Tuesday

Egypt’s gold prices fell on Tuesday, January 28th, at 11:35 am CLT (9:35 GMT), compared to January 27th value, according to an electronic gold price platform.

Metal January 28th (EGP) January 27th (EGP) Change %
24 Carat 4,371.50 4,405.75 -0.78
21 Carat 3,825.00 3,855.00 -0.78
18 Carat 3,278.50 3,304.25 -0.78
14 Carat 2,550.00 2,570.00 -0.78
Gold Pound 30,600.00 30,840.00 -0.78

It’s important to note that gold prices may fluctuate throughout the day. This information reflects pricing data as of a specific time.

(1 United States dollar = 50.24 Egyptian pounds)

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser

Gold prices decrease on Jan. 28th

Global gold prices saw a slight decline on Tuesday, with spot gold dropping by 0.07 per cent at 8:07 GMT to $2,738.81 per ounce, down from the previous closing price of $2,740.72.

Meanwhile, US gold futures bucked the trend, rising by 0.18 per cent to $2,740.72 compared to Monday’s close of $2,766.2. The mixed performance reflects ongoing market volatility as investors assess global economic trends and uncertainties.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser