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Latest gold prices today
The price of gold in Egypt today recorded 24-karat at 6,754 pounds. Its price is influenced by the global performance of the ounce, movements in the dollar, and expectations regarding U.S. monetary policy, as the Federal Reserve decided to keep interest rates at 3.5%. Additionally, the prices of other precious metals have declined, with silver falling by 0.5% to $55.22 per ounce, platinum down by 0.7% to $1,605, and palladium decreasing by 0.4% to $1,244, heading into weekly losses. Globally, gold prices are impacted by a strong dollar and rising Treasury bond yields, which reduce the demand for gold as a safe haven.
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