Gold prices witnessed a decline a little while ago by regarding 30 pounds, following prices fell 10 pounds, bringing the total value of gold to 40 pounds in Saturday’s trading, and 21 karat fell from 1210 to 1180 pounds per gram.
The following is a statement of gold prices
Carat 18 recorded 1012 pounds
24 caliber recorded 1348 pounds
21 caliber recorded 1180 pounds
The gold pound is 9440 pounds
Gold prices closed slightly higher on the global stock exchange yesterday, but recorded a third consecutive weekly loss, with the dollar and US treasury yields rising on the back of the US Federal Reserve’s ongoing tightened policy.
Spot gold rose 0.2% to $1880 an ounce, but remained down by 0.8% on the weekly level, and the US dollar index achieved gains for the fifth consecutive week, with US Treasury yields settling near their highest levels since November 2018.
On Wednesday, the Fed raised interest rates by half a percentage point, the most in 22 years, and non-yielding gold tends to fall as investors prefer taking interest as its prices rise.
