Gold prices rose slightly in the local markets during the middle of trading today, Thursday, with a slight increase in an ounce on the global stock exchange, amid the markets’ anticipation of the US Federal Reserve’s decision regarding the fate of interest rates at a meeting next week.
Saeed Imbaby, executive director of the “iSagha” platform for trading gold and jewelry via the Internet, said that gold prices rose by 5 pounds, during today’s trading as compared to the closing of trading yesterday evening, Wednesday, so that a gram of 21 karat gold recorded the level of 2340 pounds.
Imbaby added that prices are witnessing fluctuations and movements in a narrow range since the beginning of morning trading, while the ounce rose on the global stock exchange by $ 6, to record the level of $ 1946.
Imbaby went on to say that a gram of 24 karat gold recorded 2674 pounds, a gram of 18 karat gold recorded about 2006 pounds, a gram of 14 karat gold recorded about 1560 pounds, while a pound of gold recorded about 18720 pounds.
He indicated that gold prices are witnessing relative stability in the local markets during the current period with the stability of the sales movement, and the exchange rate of the dollar against the pound in the official and parallel markets, amid anticipation of the markets for the fate of interest rates in central banks during the coming period.
Translated by Ahmed Moamar
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