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Gold prices today in Morocco, Friday March 18, 2022

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Gold prices fell today in Morocco, Friday March 18, 2022, in parallel with the fall of the precious metal worldwide.

Gold Price Today in Morocco

The average price of a gram of 24-carat gold in Morocco was 610.97 dirhams ($62.33).

The average price of a gram of 21-carat gold in Morocco (the most traded on the market), today, was 534.61 dirhams (54.54 dollars).

While the average price of a gram of 18-carat gold in Morocco was about 458.23 dirhams (46.75 dollars).

Looking at cheap gold prices in Morocco today, the average price for a gram of 14 karat gold was about 356.40 dirhams ($36.36).

Gold price per ounce and pound today in Morocco

The average price of an ounce of gold fell today in Morocco, about 19,001 thousand dirhams (1938 dollars).

The average price of a pound of gold in Morocco today (8 grams of 21 carats) was around 4,277 dirhams (436.31 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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