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Gold prices today in Iraq, Friday March 18, 2022

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Gold prices fell today in Iraq, Friday March 18, 2022, coinciding with the drop of the precious metal in global markets.

Gold Price Today in Iraq

And the price of a gram of 24-carat gold in Iraq, during today’s afternoon trading, fell to about 90,779 thousand dinars ($62.22).

And the price of a gram of 21-carat gold in Iraq (the most traded in the market) fell in the middle of today’s session, to about 79,434 thousand dinars (54.44 dollars).

The average price of a gram of 18-carat gold in Iraq, in today’s trade, fell to about 68,085 thousand dinars ($46.66).

Looking at cheap gold prices in Iraq today, the average price of a gram of 14-carat gold dropped to about 52,955 thousand dinars ($36.29).

The price of an ounce and a pound of gold today in Iraq

The average price of an ounce of gold today in Iraq decreased to around 2,823 million dinars ($1935).

While the average price of a pound of gold (8 grams of 21 carats) in Iraq today, it is about 635,469 thousand dinars (435.54 dollars).

Gold prices today worldwide

Gold prices fell slightly on Friday, with the Federal Reserve (the US central bank), raising the interest rate.

The US Federal Reserve’s 0.25% rate hike made the precious metal less expensive for holders of other currencies, but rising Treasury yields capped gains.

And spot gold contracts fell 0.51% to $1,933.25 an ounce, after hitting the lowest level since February 28 at $1,894.70 last Wednesday.

And gold futures contracts traded during the previous session at the level of $1,928.35 an ounce (one ounce), amid expectations that the gold index will receive support points at the $1,895.20 level. an ounce, and resistance points at 1994.80 dollars an ounce. .

The dollar index, which measures the performance of the US currency against a basket of 6 other major currencies, rose 0.10% to trade at 98.07 points.

The silver index for the month of May fell 0.96% to settle at $25.37 an ounce, while the price of copper futures for the month of May rose 0.70% to settle at $4.73. The pound.

The dollar’s decline following the 0.25% interest rate cut made gold cheaper for holders of other currencies after the US Central Bank fallout from the war in Ukraine.

The Federal Reserve’s decision raised 10-year US Treasury yields to the highest level since May 2019, in the previous session.

The price of gold in US currency is highly sensitive to rising US interest rates as this increases the cost of holding non-yielding bullion.

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