Gold nears record high as weaker dollar supports gains

Updated 2/24/2025 11:54:00 AM
Gold nears record high as weaker dollar supports gains

Arab Finance: Global gold prices edged higher on Monday, February 24th, approaching record levels as a weaker US dollar lent support, while investors awaited key inflation data later this week.

Spot gold rose 0.1% to $2,939.91 an ounce as of 07:03 GMT, after reaching an all-time high of $2,954.69 on Thursday.

In Egypt, gold prices rose collectively at 11:54 am, with the 24-karat recording EGP 4,720 per gram for buying and EGP 4,748.5 for selling, iSagha’s data showed.

Similarly, the price of 21-karat gold went up to EGP 4,130 per gram for purchasing and EGP 4,155 for selling.

Meanwhile, the 18-karat gold price hit EGP 3,540 per gram for buying and EGP 3,561.5 for selling. 

Tags
Prices Gold

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