Gold prices rose today in Lebanon, Saturday, March 12, 2022, despite the global gold market holiday.
Gold price today in Lebanon
The average price of a gram of 24-carat gold in Lebanon was about 96.768 thousand pounds ($64.05).
And the average price of a gram of 21 karat gold in Lebanon (the most traded in the market) was 84,674 thousand pounds ($56.05).
While the average price of a gram of 18 karat gold in Lebanon was 72,577 thousand pounds ($48.04).
Regarding economic gold prices in Lebanon today, the average price of a gram of 14 karat gold was about 56,448 thousand pounds ($ 37.37).
The price of an ounce and a pound of gold today in Lebanon
And the average price of an ounce in Lebanon during today’s trading was about 3,009 million pounds (1992 dollars).
While the average price of the gold pound in Lebanon today (8 grams of 21 karat), is about 677,391 thousand pounds (448.39 dollars).
gold globally
Globally, gold fell on Friday, the last trading day on global stock exchanges before the weekly holiday of Saturday and Sunday, as US Treasury yields increased against the background of data that indicated a significant rise in inflation, but prices are heading to achieve their second consecutive weekly gain after the lack of any progress in talks between Russia. and Ukraine.
And gold fell in spot transactions to 1984.91 dollars an ounce (an ounce) by 0615 GMT. And US gold futures fell to $1989.20.
“Trading is very much going to be war-driven again,” said Stephen Innes, managing partner at SBI Asset Management. “But what will weigh on sentiment if there is no escalation on the war front is the Federal Open Market Committee, which will be much hawkish.” A bit more than what the market thinks now.