Gold selling prices rose in Lebanon nowadays through early morning investing on Tuesday, August 16, 2022, in a steady condition for the cherished metallic globally.
Lebanon ranks second in the Arab planet soon after Saudi Arabia for gold reserves, with reserves of 286.8 tons, in accordance to the Entire world Gold Council report revealed last June.
Gold price currently in Lebanon
The value of a gram of 24-karat gold rose today in Lebanon, by roughly £ 87,109,000 ($ 57.33), from £ 86,806,000 at the finish of yesterday’s buying and selling.
And the price tag of one gram of 21-karat gold in Lebanon right now (the most traded on the current market) rose to all around £ 76,222,000 ($ 50.16), in contrast to yesterday’s closing of £ 75,957,000.
The value of one particular gram of 18-karat gold also rose right now in Lebanon, to the amount of 65,333 thousand lbs (43 dollars), when compared to 65,106 thousand pounds at the near of trading yesterday, according to the specialized “gold-selling price-currently” platform. in gold charges.
As for low-priced gold rates in Lebanon now, the value of a single gram of 14-karat gold was about £ 50,814,000 ($ 33.44), compared to £ 50,637,000 at the near of investing on Monday.
The cost of an ounce and a pound of gold in Lebanon today
And the value of an ounce of gold right now in Lebanon was about 2,709 million pounds ($ 1,783), although the value of the pound of gold in Lebanon today reached about 609,778,000 lbs ($ 401.31).
Gold rates right now globally
Gold selling prices stabilized these days Tuesday as climbing greenback and fears that the Federal Reserve will raise interest charges again set US bond yields below strain.
And gold stabilized on place trades at $ 1779.39 an ounce and US gold futures fell .1% to $ 1795.70.
The 10-year US Treasury produce index fell for the 3rd session to 2.7788%, minimizing the option value of attaining the non-effective yellow metallic.
Gold rates fell far more than 1% to their lowest amount in a week on Monday, as the dollar rose to their best degree in a week in an attempt to buy the yellow metal, which is a risk-free haven, following that weak international economic info raised fears of a recession.
“A sequence of weak knowledge from China has rekindled fears of a international recession, driving the greenback up at the expenditure of metals,” explained Matt Simpson, senior market analyst at Metropolis Index.
Federal Reserve officers maintained a hawkish tone and signaled additional fascination amount hikes above the year to control substantial inflation.
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