Islam Saeed Books
Friday, February 17, 2023 01:30 PM
to retreat Price per gram of goldToday, Friday, by about 5 pounds, to record a gram of gold 21 caliber– It is the most popular in the goldsmiths market – 1685 pounds without adding workmanship, which is the lowest price of gold in 2023, while the global price of gold records a decrease to levels of 1824 dollars in spot trading, a decline of 1%.
Gold prices today
18 karat recorded 1444 pounds.
21 karat recorded 1685 pounds.
And 24 karat recorded 1926 pounds.
The gold pound is 13,380 pounds.
Global gold prices
Gold prices fell on Friday and are on their way to witness a third consecutive weekly decline as investors are concerned about the US Federal Reserve raising interest rates after a series of strong economic data, according to a specialized report.
Gold fell 0.48% at $1,828, and gold is down 1.9% so far this week. Gold is considered a hedge against inflation, but higher interest rates increase the opportunity cost of holding non-yielding bullion.
Several Fed officials stressed this week that monetary policy should remain tight to bring inflation down to the central bank’s 2% target, and two Fed officials said Thursday that the US central bank should likely have raised interest rates more than it did earlier. This month.
Financial markets now expect interest rates to rise above 5% by May and to remain at those levels throughout the year.
At the same time, the dollar index rose to the highest level in six weeks, gold competes with the dollar as a safe store of value, and the dollar’s gains make bullion less attractive to buyers abroad.
Despite the current fluctuations in the market, gold has been a source of relative stability recently and still provides investors with a safe haven in times of turmoil, and therefore, the report predicted, that gold is less risky compared to other areas of speculation in the market such as the stock market, and we expect gold prices to reach in 2023 is about $1,945.
