Gold prices stabilized today in Lebanon during trading on Sunday 25 September 2022, parallel to the global market holiday.
The global gold markets are on a weekly vacation yesterday and today.
Gold price today in Lebanon
The price of one gram of 24-karat gold in Lebanon today stabilized at 80,500 pounds ($ 52.91), according to the “Gold Price Today” platform for monitoring gold prices.
And the price of 21-karat gold in Lebanon today remained at £ 70,439 ($ 46.29).
The price of 18-karat gold in Lebanon today stabilized at £ 60,376 ($ 39.68).
The price of an ounce and a pound of gold in Lebanon
And the price of an ounce of gold in Lebanon today was set at 2,503 million pounds ($ 1,645).
The price of the pound of gold in Lebanon today (8 grams of 21 carats) reached 563.513 million pounds (370.36 dollars).
Global gold prices
Gold prices fell last week, recording the lowest level since April 2020.
This decline came at a time when it undermined the attractiveness of the yellow metal as a result of a combination of factors starting with the strength of the dollar and rising U.S. Treasury yields, lest the Federal Reserve (the US central bank) will raise interest rates again.
And gold fell in spot transactions at the end of trading last week by 1.63% to $ 1,643.94 an ounce at the end of trading, to record the second consecutive week of decline of 1.8%. .
The presidential elections in Lebanon and the IMF consultations. Mikati puts points on the letters
US gold futures fell 1.52% to $ 1,655.60.
The dollar jumped 0.9% to a new high, the highest in two decades against rival currencies, making gold less attractive to holders of other currencies. The yield on the benchmark 10-year Treasury bond reached its 11-year high.
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