Arab Finance: Gold prices in Egypt hit a new record during Monday’s midday session, with the 24-karat registering EGP 7,796.93 for buying and EGP 7,742.08 for selling, as per Dahab Masr’s data.
By 1:54 pm, the 21-karat gold climbed to EGP 6,823 for buying and EGP 6,775 for selling.
Globally, the international gold ounce price recorded $5,095.8 for purchase and $5,095.2 for sale.
Reuters elaborated that the central banks and investors sought refuge from geopolitical risks and Trump-induced market volatility.
It cited analysts who claimed that gold has more room to climb this year, potentially towards $6,000.