Prices have seen gold Stability in the local markets, during today’s trading, Saturday, coinciding with the weekly holiday for the global stock exchange.
The trading price of an ounce rose on the global stock exchange, amid markets awaiting the release of US consumer price data for last December later today, in light of a state of uncertainty, and expectations of a continued decline in US inflation, which may push the US Federal Reserve to slow down the pace of raising interest rates.
And gold achieved gains in global markets amounting to 2.9% at the end of the week’s trading, to rise to its highest level in more than nine months, following consumer price index data showed a slowdown in inflation rates in the United States, which reinforced investor optimism in the US Federal Reserve’s slowdown in raising interest rates. .
Saeed Imbaby, executive director of the “iSagha” platform for trading gold and jewelry via the Internet, said that gold prices witnessed a state of stability during today’s trading, compared to the conclusion of yesterday’s trading, and a gram of 21 karat gold recorded the level of 1850 pounds, while an ounce on the global stock market recorded a level of $ 1920.23. . in spot delivery, and regarding $1,921.6 for the futures contract.
He added that a gram of 24 karat gold recorded 2114 pounds, a gram of 18 karat gold recorded 1586 pounds, a gram of 14 karat gold recorded 1234 pounds, and a pound of gold recorded 14800 pounds.
He pointed out that gold prices witnessed a state of instability during trading yesterday, Friday, as a gram of 21 carat gold opened trading at the level of 1850 pounds, rose to the level of 1860 pounds, retreated to the level of 1840 pounds, and concluded transactions at the level of 1850 pounds, and the ounce opened trading at the level of 1850 pounds. The level of 1896 dollars, and closed the transactions at the level of 1921.6 dollars, achieving an increase of 1.2%.
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