Today, Tuesday, March 15, 2022, gold prices continued to fall in Yemen, coinciding with a drop in global yellow metal prices.
Gold Price Today in Yemen
And the average price of a gram of 24-carat gold in Yemen, during morning trading today, was about 15,528 thousand riyals ($62.05).
The average price of a gram of 21-carat gold in Yemen (the most traded on the market), today, was about 13,587 thousand riyals (54.29 dollars).
The average price of a gram of 18-carat gold in Yemen today is about 11,646 thousand riyals ($46.54).
Looking at cheap gold prices in Yemen today, the average price for a gram of 14-carat gold was around 9,058 riyals ($36.19).
The price of an ounce and a pound of gold today in Yemen
The average price of an ounce of gold today in Yemen was about 482,907 thousand riyals (1930 dollars).
While the average price of a pound of gold (8 grams of 21 carats) in Yemen today is about 108,696 thousand riyals (434.35 dollars).
Gold prices today worldwide
Gold prices slumped during spot trading this morning Tuesday by 1.12% to hit the price per ounce (one ounce) at $1931.10.
Gold futures fell during the Asian session on Tuesday, with the precious metal trading under April contracts at the $1,943.35 per ounce (per ounce) level, down 0.89%, according to the rating. Comex of the New York Mercantile. Exchange.
With reference to the previous session, gold traded at $1941.45 an ounce, amid expectations that the yellow metal will receive support at the barrier of $1941.45 and resistance points at $201510 an ounce.
As for the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, it fell 0.12% to trade at $98.91.
Meanwhile, on the Comex, silver for May fell 0.77% to trade at $25.10 an ounce, while copper for May rose 0.55% to trade at $4.53 a pound.
After the fall that we witnessed in gold prices, where prices reached the levels of the pivotal region in 1990, in case prices remain above this region, we will see a strong rise in the prices of the yellow metal. , gold, towards resistance areas that prices can target in 2000, 2010, 2020, but in the event that the decline and prices remain at the lower levels of 1990 and stability below it with a 4 hour candle, we will witness stronger negativity in gold prices targeting support levels shown in 1980, 1970, 1960.
“Trade will be fueled by the war again,” said Stephen Innes, managing partner at SBI Asset Management. “But what will weigh on sentiment if there is no escalation on the war front is the Federal Open Market Committee, which be very aggressive.” A little more than the market thinks now.
Gold is highly sensitive to higher US interest rates as it increases the opportunity cost of owning the non-yielding metal.