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Gold prices registered today, Monday, the beginning of the trading week, a fall of 3 pounds after the fluctuation of the global price of the precious metal between 1955 and 1965 dollars.
Gold prices today:
The 18 gauge registered 738.5 pounds.
The 21 gauge registered 862 pounds per gram.
The 24 gauge registered 985 pounds per gram.
The pound of gold is 6896 pounds.
One ounce of gold 1962 dollars.
Globally, gold reversed its course to lower on Monday, as the dollar recovered some of its losses, despite the new policy framework of the Federal Reserve (US Central Bank), which indicates that rates Interest rate will remain near zero for some time, has limited the losses of the yellow metal, which is considered a safe haven.
Gold fell 0.2 percent to $ 1961.54 an ounce at 0724 GMT, after hitting its highest level since August 19 in 1976, $ 14 in early trading in Asia, and gold fell 0.5% from the beginning of this month.
US gold futures fell 0.3% to $ 1968.80, putting pressure on gold as the dollar index stabilized against major currencies, but is on track to decline for the fourth consecutive month. .
“The volatility of the dollar will extend to the way gold is traded,” said Kyle Roda, an analyst at IG Markets.
He added: “The green coin was very shaky on Friday as market participants absorbed what emerged from the Jackson Hole seminar, and there is still a sense of indirect gains in gold.”
The Federal Reserve’s new monetary policy strategy proposes that the US central bank’s overnight policy rate, which is already at zero, will be held for possibly the next few years as policymakers expect an increase in inflation.
Lowering interest rates reduces the opportunity cost of owning the precious metal for non-profit purposes.
Among other precious metals, silver rose 1.2% to $ 27.82 an ounce and is on track for its fifth consecutive monthly gain, up more than 14%, with platinum closing at $ 931.33 and Palladium profit by 0.4% at $ 2,214.54.
