Gold prices in Egypt today showed noticeable stability, with trading resuming on the global stock exchange. The 21-carat gold fluctuated around 15 Egyptian pounds up and down in recent hours. These decisions renewed concerns about the future of global trade, which increased demand for gold as a safe haven, before US gold futures contracts retreated from their historic levels on Friday amid reports that the White House intends to issue an executive order clarifying its policy on new fees on gold bullion. Global gold rose for the second consecutive week after finding support from increased demand for safe haven assets amid ongoing global trade tensions, along with expectations of interest rate cuts and recent news about imposing US customs duties on gold imports, according to technical analysis by Gold Bullion.

The global gold ounce price rose by 1% last week, reaching a high of $3409 per ounce after opening the week at $3364 per ounce, and closed at $3397 per ounce. Gold rose for the second consecutive week and managed to trade above the $3400 per ounce level during the week, but closed below this level, indicating insufficient upward momentum to stabilize gold trading above this level.