Gold prices continued to decline last weeks record highs, as a renewed appetite for risk emerged across global markets amid signs of easing trade tensions.
The U.S. dollar is currently experiencing a significant decline, reaching its lowest levels in the past three years. This decline is a result of the economic policies followed by the U.S. administration, leading to a period of instability in global markets. While the world monitors these developments, the key question for Egyptians remains: Can the Egyptian pound benefit these changes?
In line with its commitment to environmental sustainability, QNB hosted a special event for children, bringing together creativity and innovation on the occasion of the Earth day, celebrated annually on April 22 with the aim to raise community awareness about environment issues.
Gold prices declined in early Wednesday trading as market tensions eased following a shift in tone the U.S. administration.
The U.S. dollar continued its decline during Asian trading hours, edging closer to a three-year low as growing concerns over the independence of U.S. monetary policy and increasing political pressure on the Federal Reserve weighed heavily on investor sentiment.
The gold market in Egypt experienced another notable decline today, as all gold karat categories dropped in value. The price of 21-karat goldthe most traded in the local markethas stabilized at EGP 4,930, down EGP 70 the start of the day.
Global markets are facing unprecedented pressures amid the escalating tensions between U.S. President Donald Trump and the Federal Reserve. In the midst of this conflict, concerns are rising about the potential impact of political pressures on the Feds independence, which could lead to serious consequences for the U.S. economy.
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