Traders in Egypt are monitoring developments as investors turn to safe havens. Global gold prices stabilized last week.
The daily momentum indicator suggests a neutral reading with no clear directional control.
Gold Prices Today
– 24 karat records 6811 pounds
– 21 karat records 5960 pounds
– 18 karat records 5108 pounds
– Gold pound (coin) 47680 pounds
Gold, which is not yield-bearing, is traditionally viewed as a hedge against economic uncertainty and inflation.
Prices in Egypt change continuously throughout the day, fluctuating within a range of 15 to 20 pounds up or down, due to rapid developments in the global gold market and supply and demand factors.
Egypt
Egypt, home to one of the world’s oldest civilizations, is famed for the ancient pyramids of Giza and the Nile River. Its history spans over 5,000 years, encompassing the Pharaonic kingdoms, Ptolemaic rule, and later Islamic caliphates. The country’s rich cultural heritage is preserved in sites like Luxor’s temples and the Egyptian Museum in Cairo.
Al Ahly
Al Ahly is a major Egyptian sports club based in Cairo, founded in 1907. It is historically one of Africa’s most successful football clubs, with a vast collection of domestic and continental titles, and has played a significant role in Egyptian social and sporting culture for over a century.
Ghazl El Mahalla
Ghazl El Mahalla refers to the Misr Spinning and Weaving Company in the city of El-Mahalla El-Kubra, Egypt, which was historically one of the largest industrial complexes in the Middle East. Founded in 1927, it became a major center for Egypt’s textile industry and a significant site for labor movements and political activism throughout the 20th century.
Al Sayed Al-Dazwi
Al Sayed Al-Dazwi is a historic mosque and religious complex located in the city of Damanhur, Egypt. It is the mausoleum of the Sufi saint Sayed Al-Dazwi, who was a prominent 19th-century Islamic scholar and founder of the Al-Dazwiyya Sufi order. The site serves as an important pilgrimage destination and a center for Islamic learning and spiritual gatherings for his followers.
