Gold prices recorded today, Tuesday, a variation in prices, and this is what made many citizens prefer to buy gold amid fears of a rise in its prices during the coming period, and this is what made us seek to provide all the services that citizens need to boil regarding the gold prices today in the markets.
The price of a gram of 21 carat gold ranged between 763 and 766 pounds, while the price of a gram of 14 carat gold ranged between 508 and 510 pounds.
The price of a gram of 18 carat gold approached 654 pounds, and the price of a gram of 22 carat gold varied between 799 and 801 pounds.
Today’s 24-carat gold prices ranged between 872 and 875 pounds, and the gold pound recorded a price between 6104 and 6128 pounds.
Gold prices fell today, Tuesday, to their lowest level in 8 and a half months, as the rise in the price of the dollar and the proceeds of US Treasury bonds limited the investors’ appetite for investing in gold, from which they often get guaranteed gains.
Gold fell in the spot market 0.3 percent to $ 1717.99 an ounce, by 06:33 GMT, after tumbling to its lowest level since June 15 at $ 1706.70 earlier in the session. Gold futures fell 0.4 percent to $ 1716.10 an ounce.
Gold prices tumbled 3% last Friday, registering the biggest monthly drop since November 2016 in February, due to high US bond yields.
The dollar index fell from its highest level in a week, which it recorded in the previous session, which increases the attractiveness of gold to holders of other currencies.
Gold is considered a hedging tool in the face of inflation, which is the possible outcome of a massive stimulus package, while high bond yields represent a challenge to this situation.
–
