Gold Prices Stabilize Locally and Globally

Gold prices in both local and global markets witnessed a state of stability during midday trading on Monday. According to a report by the "Marsad Al Dahab" for Economic Studies, investors are closely monitoring a new Iranian proposal to end the conflict with the United States, raising hopes for a de-escalation of geopolitical tensions in the Middle East.

Dr. Walid Farouk, a researcher in gold and jewelry affairs and Director of the Marsad Al Dahab, stated that local gold prices remained stable today compared to the end of last week. The current market rates are as follows:

Gold (21 Karat): Stabilized at 7,000 EGP per gram.

Gold (24 Karat): Recorded approximately 8,000 EGP per gram.

Gold (18 Karat): Reached about 6,000 EGP per gram.

Gold Coin (The Pound): Priced at 56,000 EGP.

Global Gold Ounce: Stabilized at $4,710 (at the time of reporting, per World Gold Council data).

Weekly Performance & Long-Term Trends

Dr. Farouk explained that local gold prices dipped by about 30 EGP last week, while the global ounce lost approximately $122 during the same period. This decline was influenced by mounting inflationary pressures, dollar movements, and U.S. interest rate expectations.

An economic analysis by the Observatory highlighted a massive historical surge in the Egyptian market:

Between January 2021 and the end of the first quarter of March 2026, the price of a gram of gold jumped by 6,765 EGP, rising from 525 EGP to 7,290 EGP. This represents a cumulative increase of 1,289%, reflecting a powerful long-term upward trend despite short-term fluctuations.

Global Landscape and Geopolitical Risks

Global markets remain cautious. While the U.S. Dollar saw a relative decline, the ongoing stalemate in peace efforts between the U.S. and Iran—and the continued closure of the Strait of Hormuz—has kept geopolitical risks and inflation fears elevated.

Despite these factors, gold currently lacks a clear short-term direction. Investors maintain a neutral stance, trading within a narrow range while waiting for stronger catalysts, such as a genuine diplomatic breakthrough or decisive shifts in U.S. monetary policy.

World Gold Council Insights

In a statement issued today, the World Gold Council noted that market sentiment is overshadowed by conflicting signals:

Strong Data vs. Low Confidence: Robust U.S. economic data and corporate profits contrast with declining consumer confidence in the U.S. and Europe.

Inflationary Concerns: Last week’s correction was primarily linked to renewed inflation fears and rising interest rate expectations, alongside higher bond yields and oil prices.

Eyes on the Federal Reserve

All eyes are on the major central bank policy decisions this week, particularly the U.S. Federal Reserve meeting on Wednesday. While expectations lean toward holding interest rates steady, investors are watching for any shift in tone.

Market participants are especially attentive to signs of a more flexible monetary approach in the future, potentially led by figures like Kevin Warsh, which could reshape gold's outlook in the coming period.