Gold prices recorded a 5-pound increase today, following the drop in prices yesterday evening, Friday, by about 15 pounds, and this rise is due to an increase in the global price of an ounce of gold to 2035 dollars.
Gold price today ..
Caliber 18 recorded 780 pounds per gram
Caliber 21 recorded 910 pounds per gram
Caliber 24 recorded 1040 pounds per gram
The gold pound is 7280 pounds
An ounce of gold is $ 2035.
On Friday, gold lost more than 2% globally, stopping a series of unprecedented gains, after an acceptable job report in the United States supported the dollar, but the deterioration of the pandemic situation kept prices on the path to achieving the longest series of weekly gains in about ten years.
And after the spot price of gold recorded an unprecedented high of $ 2072.50 an ounce, by 1846 GMT, it was down 1.4% to $ 2033.89 yesterday, and has increased 3% since the beginning of the week, in what will become its ninth consecutive weekly gain.
“Once they agree on the stimulus, it will be negative for the dollar,” said Edward Mayer, an analyst at ED&F Man Capital Markets. “The global economy is still very volatile, and as a result we will find more easy money, so it’s all negative for gold.” Adding that gold could still end the year at between $ 2,200 and $ 2,300.
The precious metal gained 34% this year in light of the escalation of cases of Covid-19, which has hurt global economies and prompted unprecedented stimulus measures.
In other precious metals, silver fell 3% to $ 28.07 an ounce, after reaching its highest levels since February 2013 at $ 29.84. Since the beginning of the week, it has increased 15.5%.
Platinum fell 4.1 percent to $ 957.36, while palladium fell 2.9 percent to $ 2,156.97.
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