Gold prices climbed during trading on Wednesday, driven by persistent uncertainty surrounding a potential trade agreement between the United States and China, as well as investor anticipation of upcoming U.S. inflation data.
Gold prices fell globally on Tuesday, June 10, as markets reacted to uncertainty surrounding the ongoing trade negotiations between the United States and China. The talks, which focus on sensitive issues such as tariffs and restrictions on rare earth metals, are being closely monitored by investors.
Gold prices declined at the start of the week, retreating recent gains after U.S. President Donald Trump announced an extension of the deadline for reaching a trade agreement with the European Union to July 9. This decision effectively postponed his earlier threat to impose a 50% tariff on EU imports starting June 1.
Gold declined for the third consecutive day amid signs of possible progress in U.S.-China trade talks, reducing demand for safe-haven assets.
Gold prices in Egypt have experienced significant gains since the beginning of 2025, with the price of 21-karat gold increasing by EGP 1,045, marking a 28% rise.
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