During trading today, August 6, 2022, the price of gold in Jordan rose today, despite the decline of “precious” globally.
Gold price in Jordan today
The price of 24-karat gold rose to 40.52 dinars ($57.15) per gram during Saturday trading in Jordan, up from 40.33 dinars ($56.88), according to the “Gold Price-Today” site. To monitor the price of gold.
Also, the price of 18 karat gold rose to 30.39 dinars ($42.86) per gram in Jordan today, compared to 30.25 dinars ($42.66) at the end of yesterday’s trade.
As for economic gold prices in Jordan today, the price of one gram of 14 carat gold is about 23.64 dinars ($33.34) and the price of one gram of 12 carat gold is about 20.26 dinars ($28.58).
21 carat gold price in Jordan today
The price of 21-karat gold rose to 35.46 dinars ($50.01) per gram in Jordan today (the most traded in the market), compared with 35.29 dinars ($49.77) at the close of trading on Friday.
The price of an ounce in Jordan today was about 1260 dinars (1777 dollars), and the price of a pound of gold (8 grams 21 carats) in Jordan today was about 283.66 dinars ($400.07).
International gold price today
The recent surge in gold prices and the winds of crises blowing from all directions indicate the approach of a cataclysm in which gold will rise towards record highs, but barring an unexpected cataclysm, prices are likely to see further declines by the end of the year before the precious metal starts to rise again in 2023, according to a recently published analysis. .
Gold rose slightly after a recent setback, with spot gold up 0.37% at $1,770.47 an ounce early Thursday, but it is unlikely to breach the $1,800 level soon as investors’ risk appetite has increased against a strong backdrop. Economic data and earnings.
Fiscal tightening by the US Federal Reserve is seen as one of the factors that could support the precious metal as it pushes the economy even harder towards a possible recession.
Gold price history in 2022
Since last March, the yellow metal has fallen 11% due to a stronger dollar and higher real yields on US Treasuries.
Carolyn Payne, chief material economist at Capital Economics, said: “After a sharp fall in the second quarter, we believe gold prices are now nearing cyclical lows and prices are expected to pick up slightly in 2023 as markets consider potential. Monetary policy tightening. American”.
“We always expected gold prices to fall this year because of higher US interest expectations and the strength of the dollar, which we thought would offset the positive impact of increased safe-haven demand. The war in Ukraine and high inflation,” Payne said in his opinion.
Bain said gold could fall to $1,650 an ounce by the end of the year before prices start to rise again in 2023.
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