Gold prices continued to fall today, Wednesday, March 16, 2022, in Jordan, coinciding with the drop in global yellow metal prices.
Gold Price Today in Jordan
And the price of a gram of 24-carat gold reached today in Jordan, on Wednesday, 43.73 dinars (61.68 dollars).
And the price of a gram of 18-carat gold in Jordan today, on Wednesday, was about 32.80 dinars ($46.26).
Looking at cheap gold prices today in Jordan, the price of one gram of 14-carat gold was around 25.51 dinars ($35.98).
21 Karat Gold Price Today in Jordan
And the price of a gram of 21-carat gold today in Jordan, on Wednesday (the most traded on the market), stood at about 38.27 dinars (53.97 dollars).
The price of an ounce today in Jordan was about 1,360 dinars (1,918 dollars), and the price of a pound of gold today in Jordan (8 grams of 21 carats) registered about 306.13 dinars (431.76 dollars).
Gold prices today worldwide
Globally, the spot price of gold fell slightly to $1,913.98 an ounce, shedding about 0.21% of its value, and gold futures for April delivery fell 0.63% to $1,917.5 an ounce. .
Analysts say gold market moves will be “cautious” ahead of the Federal Reserve meeting later that day.
Investors expect the US central bank to raise interest rates by at least 25 basis points amid a rate hike.
Those interested in the gold market will also be watching the Fed’s moves closely.
US bond yields fell in Asian trade, with the benchmark 10-year bond yield at 2.1545%, having earlier risen to 2.169%, the highest level since June 2019.
The US dollar also fell slightly against a basket of its peers, trading at 98.861, and fell against the yen at 118.22, though still near a five-year high. The euro was also up 0.16% at $1.0969.
Oil prices, trading lower earlier in the session, rose again as the Russian invasion of Ukraine continued to fuel volatility.
International benchmark Brent crude rose 0.93 percent to $100.84 a barrel, and US crude rose 0.44 percent to $96.86.