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Gold prices today in Lebanon, Saturday March 26, 2022

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Gold prices fell in Lebanon today, Saturday March 26, 2022, coinciding with the precious metal’s drop globally at the end of the trading week.

Gold Price Today in Lebanon

And the price of a gram of 24-carat gold today in Lebanon, during afternoon trading, fell to about 95,563 thousand pounds ($63).

And the price of a gram of 21-carat gold (the most traded on the market), in the middle of today’s trading in Lebanon, fell to about 83,620 thousand pounds (55.13 dollars).

Likewise, the price of a gram of 18-carat gold fell today in Lebanon to about 71,673 thousand pounds (47.25 dollars).

Looking at cheap gold prices today in Lebanon, the price of 14 karat gold per gram was recorded at 55,745,000 pounds ($36.75).

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

The average price of an ounce in Lebanon, trading tonight, has dropped to about 2.972 million pounds (1959 dollars).

And the average price of a pound of gold today in Lebanon (8 grams of 21 carats), during the middle of today’s trading, was about 668,957 thousand pounds (441.03 dollars).

Gold prices today worldwide

Globally, gold prices fell at the close of the trading session on Friday (the last session of the week), but posted weekly gains in light of growing anxiety over the Russo-Ukrainian war and inflationary pressures.

The United States and its allies held more meetings yesterday to discuss developments in the Ukraine war, after US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint team to reduce the bloc’s dependence on Russian energy supplies.

Separately, US Treasury Secretary Janet Yellen said in an interview with CNBC that she expects the US economy’s strong performance to continue despite rising energy prices and raw Materials.

The report from the University of Michigan showed that the US consumer confidence index registered 59.4 points in the final reading for the month of March, which is the lowest level in 10 years, compared to 62.8 points in February. previous. 5.4% next year.

Accelerating inflation in the United States prompted more members of the Federal Reserve to support raising interest rates by 50 basis points. May be appropriate depending on economic data.

The price of gold futures contracts for April delivery fell 0.4%, or $8, to hit $1,954.20 an ounce as the trading session closed on Friday, but posted weekly gains of around 1, 3 percent.

The price of gold for June delivery also fell 0.4%, or $7.90, to settle at $1,959.80 an ounce at the close, while its weekly gain topped 1.3%.

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