The price of 21 karat gold in manufacturing after the US interest rate cut, because many citizens in the Arab world are asking about the price of 21 karat gold in manufacturing after the US interest rate cut, because gold is one of the most prominent assets there are. investors turn to times of economic fluctuations, and its price directly reflects the level of confidence in the global economy.
It is a decision US Federal Reserve The reduction in interest rates has a visible effect on the financial markets, and one of these effects was most evident on the gold market, as the price of 21-karat gold rose significantly due to the operation in many markets after this decision, because gold. considered one of the most prominent safe havens in times of economic turmoil.
21 karat gold price by manufacturing after US interest rate cut
In this report, we review for you the price of 21 karat gold in manufacture after the US interest rate cut, as well as the impact of the US interest rate cut on the price of gold.
Gold jewelry
21 karat gold price in Egypt
Price list per gram gold 21 karat in Egypt today is about 3775 pounds for sale, while its purchase price is about 3755 Egyptian pounds, and as for the price of gold in dollars, it has reached about 75.51 dollars the US.
These prices may change from day to day depending on changes in the global gold market and local economic factors that affect the value of the Egyptian pound.
21 karat gold price in Saudi Arabia
In the Kingdom of Saudi Arabia, the price of a gram of 21 carat gold today was around 283.62 Saudi riyals, while its price in dollars was around 75.51 dollars.
Gold in Saudi Arabia represents one of the important investment funds, especially due to regional and international economic turmoil.
21 karat gold price in Libya
In Libya, the price of a gram of 21 carat gold recorded around 368.46 Libyan dinars in morning trade, with its price in US dollars reaching $75.50.
Prices in Libya are still affected by the economic and financial changes taking place in the country, making them vulnerable to continuous fluctuations.
21 karat gold price in Kuwait
Kuwait also saw a slight increase in the price of 21 carat gold, as its price today reached 23.25 Kuwaiti dinars, and with the price measured in US dollars, it reached $75.50.
Gold in Kuwait is one of the preferred assets for investment, and is considered one of the most prominent precious metals that citizens and investors turn to.
21 karat gold price in Yemen
In Yemen, the price of a gram of 21 carat gold today reached 18,863 Yemeni rupees, and as for its price in US dollars, it reached about 75.51 dollars.
This price reflects the difficult economic situation in Yemen, as the country sees major challenges affecting price stability, including gold prices.
21 karat gold price in Jordan
The price of a gram of 21 karat gold in Jordan today was around 53.54 Jordanian dinars, with the price measured in US dollars, which reached 75.50 dollars.
It is noted that the Jordanian market sees relative stability in gold prices, and gold is considered one of the safe investments against economic fluctuations.
Read also: Gold prices after the US Federal Reserve’s decision to cut interest rates
21 karat gold price in Palestine
In Palestine, the price of a gram of 21 karat gold today was about 281.65 Palestinian shekels, and the price in US dollars reached $75.50.
The economic and political conditions of the region affect the prices of gold in Palestine, which often leads to changes in prices.
gold
21 carat gold price in Sudan
As for Sudan, the price of a gram of 21 carat gold today reached around 45,416 Sudanese pounds in morning trading, reaching 75.50 US dollars.
This price reflects the significant impact of inflation and economic pressure in Sudan on the prices of precious metals.
21 karat gold price in Tunisia
The price of a gram of 21 carat gold in Tunisia reached 235.76 Tunisian dinars, and the price in US dollars reached around 75.51 dollars.
Tunisia, like many Arab countries, closely follows developments in the global gold markets, which have a significant impact on local prices.
21 karat gold price in Lebanon
In Lebanon, the price of a gram of 21 carat gold reached around 6,799,665 Lebanese pounds, with the price measured in dollars, which reached 75.50 dollars.
There is an economic crisis in Lebanon, which has had a major impact on gold prices, especially since the Lebanese pound is facing major challenges in maintaining its value.
21 karat gold price in Bahrain
The price of a gram of 21 carat gold in Bahrain today was around 28.62 Bahrain dinars, with a price in dollars reaching $75.51.
Bahrain is seeing relative stability in the gold markets, which reflects a relatively stable economic situation in the country.
21 karat gold price in Algeria
As for Algeria, the price of a gram of 21 carat gold today was around 10,066 Algerian dinars, with the price measured in dollars, which reached 75.50 dollars.
Gold is one of the most prominent financial instruments that Algerians pay a lot of attention to due to the economic situation and persistent inflation.
The impact of the US interest rate cut on the price of gold
It is worth noting that when the US Federal Reserve lowers interest rates, it becomes easier and cheaper for individuals and companies to get loans, which increases the liquidity of money in the markets.
This decision also leads to the weakness of the US dollar against other currencies, which makes gold a more attractive option for investors. When the dollar weakens, investors prefer gold buy as a safe haven to protect their money from currency fluctuations.
Additionally, when US bond yields fall as a result of a rate cut, gold becomes an attractive alternative because it does not bear interest the way bonds or stocks do, and so many investors investment turns to gold in times of financial instability, as they see it as a safe haven. to preserve their wealth.
Read more: 21 carat gold gram price hits new high now after US interest rate cut Today, November 8, 2024
2024-11-09 09:38:00
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