13.2 C
New York
Wednesday, May 25, 2022

Gold prices today in Yemen, Friday March 18, 2022

- Advertisement -
- Advertisement -

The average price of gold fell in Yemen today, Friday, March 18, 2022, coinciding with the fall of the precious metal in global markets.

Gold Price Today in Yemen

The average price of a gram of 24-carat gold in Yemen fell during the afternoon today, to about 15,570 thousand riyals (62.22 dollars).

The average price of a gram of 21-carat gold in Yemen (the most traded on the market) fell at noon today to about 13,624 thousand riyals ($54.44).

While the average price of a gram of 18-carat gold in Yemen, in today’s trade, was about 11,678 thousand riyals ($46.66).

Regarding cheap gold prices in Yemen today, the average price of a gram of 14-carat gold rose to around 9,083 thousand riyals ($36.29).

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

The average price of an ounce of gold today in Yemen decreased to about 484,233 thousand riyals (1935 dollars).

The average price of a pound of gold (8 grams of 21 carats) in Yemen today fell to about 108,994 thousand riyals (435.54 dollars).

Gold prices today worldwide

Gold prices fell, on Friday, by a slight percentage, 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.

Source link

- Advertisement -

New Articles