Gold prices stabilized today in Jordan during the trading of Sunday, August 7, 2022, for all carats, in parallel with the weekend for global markets.
Global markets have a weekly holiday, Saturday and Sunday of every week.
Gold price today in Jordan
The price of a gram of 24-carat gold today in Jordan, during trading today, Saturday, reached 40.52 dinars ($57.15), according to the “gold-price-today” platform for monitoring gold prices.
The price of a gram of 18 karat gold today in Jordan remained at the level of 30.39 dinars ($ 42.86), the same prices at the closing of trading yesterday.
As for economic gold prices in Jordan today, the price of a gram of 14 karat gold scored regarding 23.64 dinars ($ 33.34), and the price of a gram of 12 karat gold recorded regarding 20.26 dinars ($ 28.58).
The price of 21 karat gold today in Jordan
The price of a gram of 21 karat gold today in Jordan (the most traded in the market) settled at the level of 35.46 dinars ($50.01).
The price of an ounce today in Jordan was regarding 1260 dinars (1777 dollars), and the price of the gold pound today in Jordan (8 grams of 21 carat) was regarding 283.66 dinars ($ 400.07).
Gold prices today globally
The precious metal managed during the trading week that ended on Friday to reach its highest level in a month. Despite the inability of gold to maintain its highest levels during the past week, it managed to achieve its third week of gains.
The decline in treasury bond yields and growing fears regarding a recession boosted the value of the precious metal, as it is considered one of the safe havens, to remain on the way to achieving gains for the third week in a row.
And gold closed on Friday in spot transactions at $1775.5 an ounce, following hitting its highest level since July 5. Prices rose regarding 0.7% last week.
US futures contracts also trimmed their gains to close below the $1,800 level, and record $1,791.2 an ounce.
10-year Treasury yields have fallen, reducing the opportunity cost of non-yielding yellow metal holders.
