Gold prices edged lower in early Tuesday trading as a stronger U.S. dollar and easing fears over global trade tariffs weighed on the precious metal. Investors are now turning their focus to the U.S. Federal Reserves policy meeting for clues on future interest rate directions.
Gold prices advanced on Wednesday as global markets turned their attention to ongoing U.S. trade policy developments and assessed fresh inflation data pointing to rising consumer prices in June. The upward movement reflects investor caution amid lingering uncertainties over tariffs and monetary policy direction.
Gold lost 4% of its value over the past week in the Egyptian market, reflecting a noticeable decline in demand and a shift in investor preferences. This local was further reinforced by a 2.8% decline in global gold prices during the same period.
Gold prices stabilized on Wednesday as demand for safe-haven assets eased after the announcement of a ceasefire between Iran and Israel. Despite subdued investor appetite, a weaker U.S. dollar and bargain hunting following the previous sessions decline helped limit further losses in the precious metal.
إشترك في أول نشرة بريدية في القطاع المصرفي
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