Gold Prices Hold Steady Amidst Global Market Shifts

Local Markets Show Remarkable Stability as International Factors Influence Trends

Gold prices in local markets have demonstrated striking stability as of Thursday, July 24, 2025. This calm is occurring despite significant global movements in the precious metal’s value.

Current Gold Valuations

The price per gram for 24-carat gold is currently 5360 pounds. Meanwhile, 21-carat gold is trading at 4690 pounds per gram, and 18-carat gold is valued at 4020 pounds per gram. Consumers can expect to pay 3127 pounds for a gram of 14-carat gold. The gold pound in Egypt is priced at 37520 pounds.

Global Gold Market Sees Uptick

Internationally, gold has experienced an upward trend, climbing 2.2% since the week’s commencement. The precious metal has surpassed the $3400 per ounce mark and is currently encountering resistance within the $3420 to $3450 range.

Trade Talks and Market Sentiment

In parallel, upcoming trade discussions between US and Chinese officials are set to take place in Stockholm. These negotiations, aimed at extending the deadline for a trade agreement until August 12, could influence market sentiment. US Treasury Secretary **Scott Bessent** highlighted the importance of these talks.

An increase in commercial deals prior to August might boost risk appetite, potentially decreasing demand for gold. Conversely, continued pressure on the US dollar could push gold prices towards $3500 per ounce in the short term.

US Dollar Weakens, Boosting Gold

The US dollar has softened, trading near a two-week low against a basket of major currencies. This weakening dollar makes dollar-denominated assets like gold more affordable for holders of other currencies. Concurrently, US 10-year Treasury yields dipped to their lowest point since July 9.

President **Trump** has continued his criticism of Federal Reserve Chair **Jerome Powell**, labeling him “foolish” for maintaining high-interest rates and predicting his departure from office within eight months.

Speculative Demand for Gold Increases

Recent data from the Futures Trading Committee reveals a surge in speculative interest in gold. For the week ending July 15, purchase contracts for gold futures increased by 8,542 contracts, while sales contracts saw a decrease of 1,605 contracts.

This shift suggests a renewed demand for gold speculation, driven by evolving geopolitical pressures and a focus on trade agreement outcomes. According to the World Gold Council, global central bank gold purchases reached a record 400 tonnes in the first half of 2024, indicating sustained institutional interest.

Breaking News: Gold prices are experiencing an upward trend on the global exchange today, Wednesday, which is expected to influence prices in the Egyptian market in the coming hours. The cheapest gold alloy is currently priced at 1475 Egyptian pounds per weight.

Evergreen Context:

The Egyptian gold market is closely watching global price fluctuations. Today’s upward movement on the world exchange suggests a potential rise in domestic prices. This trend is particularly relevant for consumers and investors in Egypt, where gold is a notable commodity.

Current Gold Prices in Egypt:

24-carat gold: 5314 Egyptian pounds
21-carat gold: 4650 Egyptian pounds
18-carat gold: 3986 Egyptian pounds
Gold pound: 37200 Egyptian pounds

Egyptian Gold Exports Show Strength:

In parallel with domestic price movements, the Gold Division of the Egyptian Federation of Industries has highlighted the success of a local company in exporting a significant shipment of 12 kilograms of gold artifacts to the United States. This marks the fourth such export to the US market recently, underscoring the capability of Egyptian manufacturers to meet stringent international quality and regulatory standards.

Mamdouh Abdullah, a board member of the Gold Division, emphasized the strategic importance of the American market for Egyptian gold jewelry exports, citing its competitive nature and high demand for premium products.He noted that the company’s consistent success in this market is attributed to its strict adherence to quality,packaging,and technical documentation standards,which has led to repeat contracts.

Abdullah further stated that these export activities not only bolster the presence of Egyptian gold internationally but also stimulate local employment by creating more job opportunities within factories. Additionally, these exports contribute vital dollar resources, especially given a recent relative dip in local demand.

Looking ahead, Egyptian companies are preparing to expand thier export operations in the latter half of the year, with plans to enter new markets in Europe and the Gulf states. This expansion is supported by the stability of production and the high quality of Egyptian-made gold artifacts.

Gold Prices Surge to Two-Week High Amidst Trade Tensions and Fed Uncertainty

Global gold prices experienced a notable 1% increase, reaching their highest point in two weeks and closing the trading week above the $3350 per ounce resistance level. Technical indicators, including the momentum index, suggest a continued upward trend for gold prices in the near future.

This rally in gold comes as global stocks retreated following an escalation in trade disputes. U.S. President Donald Trump intensified his criticism of Canada, announcing plans to impose a 35% tariff on Canadian imports and indicating similar tariffs of 15% to 20% on goods from other trading partners.

Simultaneously occurring, the federal Reserve’s stance on interest rates remains a key factor influencing market sentiment. The consumer price index has contributed to a stable outlook for the Federal Reserve’s monetary policy, with no important indication of further interest rate reductions. This cautious approach is partly attributed to the ongoing uncertainty surrounding Trump’s tariff policies.

President Trump has previously voiced his opinion on interest rates,suggesting they shoudl be at or below 1%. While markets are anticipating a potential 50 basis point rate cut by the end of the year, with the first reduction expected in September, the Federal Reserve’s actions are being closely watched amidst these economic crosscurrents.

In terms of investment flows, the World Gold Council reported that for the week ending July 4th, traded investment funds backed by physical gold saw net inflows of 3.9 tons. This figure represents a decrease compared to the previous three weeks. The decline in inflows is primarily linked to a significant outflow of 7.6 tons from North American investment funds. Conversely, European and Asian funds experienced increased inflows, totaling 6.5 tons and 5.1 tons, respectively.