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Gold prices today in Palestine Sunday 13 March 2022

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Gold prices stabilized in Palestine today, Sunday March 13, 2022, coinciding with the weekly holiday of the world’s precious metals markets.

Gold Price Today in Palestine

The price of a gram of 24-carat gold in Palestine, during today’s trading, stood at 208.23 shekels ($64.05).

And the price of a gram of 21-carat gold (the most traded on the market), during tonight’s trading in Palestine, was around 182.21 shekels ($56.05).

The price of a gram of 18-carat gold in Palestine tonight was about 156.18 shekels ($48.04).

In terms of economic gold transactions in Palestine, the price of a gram of 14-carat gold stabilized during today’s trading at 121.47 shekels ($37.37).

Gold price per ounce and pound today in Palestine

And the price of an ounce of gold in Palestine remained this afternoon at 6,476 thousand shekels (1992 dollars).

While the price of a pound of gold in Palestine stabilized this trading night at 1,458 thousand shekels ($448.39).

Gold prices today worldwide

Globally, gold prices dipped below $2,000 an ounce at the close of trading on Friday (the closing session of the week), with investors pricing in many geopolitical and economic developments.

Investor appetite for safe assets waned after Russian President Vladimir Putin stated that some progress had been made in talks with Ukraine, although he did not elaborate on the specifics of this improvement in discussions between the two sides.

The data revealed that the “Michigan” index of consumer confidence in the United States fell to its lowest level in 11 years at 59.7 points, compared to 62.8 points last February, due to fears of rising prices in the country.

Markets are awaiting the Federal Reserve meeting scheduled for next week, amid expectations that the US Central Bank will raise interest rates for the first time since the start of the “Corona” pandemic.

The US consumer price index rose 7.9% in February on an annual basis, the fastest pace on record since 1982.

And the price of gold futures contracts for April delivery fell 0.8%, or the equivalent of $15.40, to hit $1,985 an ounce as Friday’s session settled.

In last week’s total trading, the price of precious metal futures contracts increased 0.9%.

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