Gold prices declined on Thursday, weighed down by a stronger U.S. dollar and easing market concerns following
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.
Global gold prices fell on Tuesday to their lowest level in nearly two weeks, following an announcement by U.S. President Donald Trump that Iran and Israel have agreed to a ceasefire, ending a 12-day conflict. The news dampened investor demand for the precious metal as a safe haven.
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.
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