Cairo, Egypt – Gold prices in Egypt remained stable today, Wednesday, July 30, 2025, following a decline on Tuesday to their lowest point since May. This stability is attributed to a notable decrease in the dollar’s exchange rate against the Egyptian pound and a dip in global gold prices.
Current Gold Prices in Egypt:
24-karat gold: 5223 Egyptian pounds
21-karat gold: 4570 Egyptian pounds
18-karat gold: 3917 Egyptian pounds
Gold pound: 36560 Egyptian pounds
The United States and the European Union agreed on Sunday to impose a 15% customs tariff on most EU commodities. This move, representing half of a previously threatened percentage by President Trump, has sparked a meaningful trade dispute between the two allies, who together account for approximately one-third of global trade, according to technical analysis from Gold Pelion.
In parallel, senior economic officials from the United States and China convened in Stockholm on Monday for talks exceeding five hours. The discussions aimed to de-escalate long-standing economic conflicts that have fueled a trade war between the world’s two largest economies, with an objective to extend a three-month truce.
These international trade developments have led to a reduced demand for safe-haven assets in financial markets and a strengthening of the US dollar to a three-week high. This, in turn, exerts downward pressure on gold prices, reflecting the inverse relationship between the two assets, as gold is typically priced in dollars.
Investors are currently anticipating key US economic data releases this week, including inflation figures and the employment report.Additionally, a two-day monetary policy meeting, commencing later today, is expected to result in interest rates remaining unchanged.
the prevailing caution surrounding the upcoming monetary policy meeting is keeping gold prices under close observation, with traders hesitant to establish significant positions in the precious metal.
Simultaneously occurring, the World Gold Council reported an increase in inflows into gold-backed investment funds for the week ending July 25, reaching a four-week high. This indicates a growing investor interest in gold.
Inflows totaled 31.4 tons, driven primarily by a significant increase in North American gold fund inflows, which accounted for 31.2 tons. european funds experienced outflows of 0.6 tons,while Asian funds saw inflows of 0.5 tons.
