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Gold prices witnessed a state of stability during operations today, Thursday, November 12, since the stability of the economic situation in the United States, after the announcement of the victory of Joe Biden as president-elect of the country and the announcement of an emerging coronavirus vaccine proposal.
Gold prices today
Gold witnessed a 5-pound drop at the end of the day on Wednesday, compared to prices announced earlier that morning.
The average price of gold is 24, 21 and 18 pounds, and the pound of gold in the goldsmith shops is as follows:
The price of 24 karat gold ranges from 929 to 931 pounds.
The price of 21 karat gold ranged from £ 813 to £ 815.
The price of 18 karat gold ranged between 697 and 699 pounds.
- The price of a pound of gold
The price of a pound of gold ranged between 6,504 and 6,520 pounds.
The price of gold went down
Gold prices have witnessed in recent days, specifically on Monday, a sudden drop in value unprecedented in the history of the yellow metal crash, in the context of the sudden crash of world stock markets.
The price of one gram of 21 karat gold was recorded at 813 pounds instead of 851 pounds, and gold market experts attributed the sudden drop in world stock markets as the main reason for the sudden drop in gold prices. gold.
Globally, gold prices fell along with the strengthening of the dollar
Gold contract prices fell during US trading on Wednesday, as the value of the dollar improved against major currencies, causing a decline in the yellow metal’s appeal as an investment safe.
Optimism about the impending launch of an effective coronavirus vaccine also helped quell concerns about an economic recovery, leading to a heightened appetite for high-risk financial assets like stocks.
