Gold price today, Wednesday, March 4, 2026

Global gold price

Gold prices rose slightly today after yesterday's sharp declines of more than 4%, with gold now trading at $5,160 per ounce, but it may face some challenges as a result of the reassessment of interest rate expectations.

The rise in energy prices due to the conflict in the Middle East is forcing investors to reconsider their expectations for two possible interest rate cuts by the Federal Reserve this year, as a result of increased inflation caused by higher energy costs.

The strength of the dollar and rising bond yields are also major negative factors for gold, despite the geopolitical crises in the Middle East.

However, the structural situation for gold has not changed, and its overall trend remains upward as central banks continue to buy the metal and concerns about fiscal deficits remain.

Any downward correction is considered an opportunity to reposition for buying again.

Gold prices in Egypt

Gold prices in Egypt rose on Wednesday after yesterday's sharp declines, with the price of 21-karat gold, the highest traded in Egypt, now recording levels of 7320 Egyptian pounds.

The price of 24-karat gold is trading at 8,366 pounds, while 18-karat gold is trading at 6,274 pounds per gram.

On the other hand, the price of the dollar rose today to 50.40 pounds, with the price of the dollar rising within official banks in Egypt to 50.17 pounds, and the price of the dollar remaining stable on the black market, trading at 50.18 pounds. For more updates and to get real-time prices, you can visit our website here

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