Gold Prices Surge in Egypt as Dollar Weakens Globally: Latest Updates and Analysis

Global gold markets and the Egyptian local market have seen dramatic changes in recent times. The price of a gram of gold rose today, Monday, in Egyptdue to benefit from the weakness and decline of the dollar globally, amid the impact of the US jobs data, as investors seem to be listening to the language of numbers with more attention, in an effort to understand market trends in the identify the future.

Reflecting these major ups and downs, gold benefits from global economic and political tensions.

Despite the increase in risk appetite in recent days, gold remains attractive as a safe haven for savings amid fluctuations in the value of the US dollar.

With the dollar falling 0.8% last week, gold was able to regain some momentum, demonstrating its stability as a safe haven for investors.

However, determining investment avenues in gold remains complex, particularly due to global market tensions and unexpected movements in the dollar.

While the Fed may be forced to cut interest rates, the biggest challenge lies in tackling inflation, as inflation has seen a move above the 2% target, leaving expectations market is uncertain about an interest rate cut this year.

In this context, attention is still focused on speeches by senior officials of the Federal Reserve this week, and investors are looking for clear signs of future monetary policy direction.

In general, gold remains a key element in investors’ portfolios, as it is considered a safe haven in times of economic and political turmoil. As market fluctuations and volatile expectations continue, caution and caution follow. remains the basis for future analysis and production. investment decisions in the world of gold.

On the local level, gold prices in Egypt recorded an increase today by 15 pounds in gram price, and the prices were as follows:-

• The price of a gram of 14 karat gold is the highest 2056.75 Pound to buy and 2070 pounds For sale.
• The price of a gram of 18 karat gold is the highest 2644.25 Pound to buy and 2661.5 pounds For sale.
• The price of a gram of 21 karat gold is now on record 3085 Pound to buy and 3105 pounds For sale.
• The price of a gram of 24 karat gold is the highest 3525.75 Pound to buy and 3548.5 pounds For sale.
• The price of the pound of gold is at 24680 Pound to buy and 24840 Pound for sale.