After the rise in the price of gold this morning, at 8 pounds, the prices returned to the decline in the goldsmithing market by 5 pounds, after the decline in the international prices of the precious metal below $ 1,600 an ounce, to record $ 1592 in evening transactions until now, and the fluctuation in the price of gold continues to occur And demand.
Gold prices on Monday evening.
Caliber 18 recorded 598 pounds per gram
Caliber 21 recorded 698 pounds per gram
Caliber 24 recorded 797 pounds per gram
The gold pound is 5584 pounds
An ounce of gold is $ 1592.
And gold achieved significant increases over the past February due to the spread of the Corona virus in China and a number of countries, where the Organization for Economic Cooperation and Development warned, on Monday, of the great repercussions of the outbreak of the emerging Corona virus on global economic growth this year and reduced its expectations for global GDP by half a percentage point to 2.4 percent, the lowest level since the 2008-2009 financial crisis.
And the international organization assumed, in its expectations that the level of the virus would decrease this year, but warned that its increasing spread “would weaken expectations significantly.”“.
The global economy mainly faces the risk of deflation in the first quarter of the year, according to the organization, which includes a group of countries that adopt free market principles..
The organization said in the first comprehensive study of the implications of the virus on the major economies of the world it expects that the annual growth in gross domestic product in China, the epicenter of the disease outbreak since December, will reach 4.9 percent, a decrease of 0.8 points from the basic growth expectations announced by the organization in Nov.
“The repercussions of the contraction of Chinese production have reached around the world,” the organization, which includes 36 countries, said at a time when the virus continues to affect production, trade and travel lines for tourism and business purposes.
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