Gold prices rise amid US inflation data anticipation: Gold Bullion
Gold prices increased in global trading on Tuesday, bolstered by uncertainty surrounding the political plans of US President-elect Donald Trump. Markets are awaiting US inflation data, expected to offer more clarity on the Federal Reserve’s future monetary policy. The global
Egypt’s gold reserves rise by $2.2bn in 2024
The Central Bank of Egypt (CBE) has reported a $2.2bn increase in the value of gold included in the country’s foreign exchange reserves in 2024, bringing the total to $10.644bn by December 2024, compared to $8.440bn in December 2023. After
Egyptian gold demand declines in Q4 2024 amid price hikes
Local demand for gold in Egypt decreased in the fourth quarter of 2024, despite stabilising prices, due to rising inflation and higher price levels, according to the Gold Bullion 2024 report. Throughout 2024, gold prices in Egypt experienced significant fluctuations,
Gold prices dip 1% globally over week: iSagha
Gold prices saw a slight uptick in local markets on Saturday, following a weekend closure of the global exchange. This increase came after a week of losses, with the price of gold dropping around 1% globally, according to a report
Gold prices surge 6% in one week amid increasing demand for safe havens
Global gold prices experienced a significant surge last week, marking their best weekly performance in 20 months. The rise was driven by increased demand for safe-haven assets amid the ongoing escalation between Russia and Ukraine, despite the continued strength of
Egypt’s Petroleum Minister meets Aton Resources to discuss gold exploration
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from the Canadian Aton Resources company, led by the company’s CEO, Tonno Vahk, on Wednesday. The meeting focused on the company’s gold exploration and prospecting efforts in
Investment fund demand fuels gold price surge: Gold Bullion
Global gold price is trading on Tuesday, near the historical level it recorded on Monday, as demand for the precious metal continues to increase amid ongoing uncertainty with the upcoming US elections. Additionally, there is significant demand for gold investment
Gold prices to rise on Fed hints of US rate cuts: iSagha – Dailynewsegypt
Gold prices rose slightly in local markets on Saturday, following a week of gains fuelled by growing expectations of a US Federal Reserve interest rate cut next month. The price of 21-karat gold per gram reached EGP 3,465 on Sunday,
Gold prices show 0.2% increase in local market over one week: iSagha – Dailynewsegypt
Gold prices in local markets recorded a 0.2% increase during the week ending last Saturday evening. In contrast, global gold prices experienced a slight decline of 0.6% during the week ending last Friday. This global decrease was influenced by several