Gold prices stabilized in Jordan, today, Sunday, September 19, 2021, for the second day in a row, in parallel with the global market holiday.
Gold price in Jordan today
The price of a gram of 24-carat gold in Jordan, during early trading today, Sunday, settled at 40.01 dinars ($56.42), unchanged from trading yesterday, Saturday.
The price of a gram of 21 karat gold in Jordan (the most traded in the market) remained unchanged at 35.01 dinars ($49.37).
The price of a gram of 18 karat gold settled at 30.01 dinars ($ 42.32), unchanged from the closing prices on Saturday.
As for economic gold prices in Jordan, the price of a gram of 14 karat gold scored about 23.34 dinars ($ 32.91), and the price of a gram of 12 karat gold recorded about 20 dinars ($ 28.21).
The price of an ounce (an ounce) in Jordan, during Sunday’s trading, reached the level of 1244 dinars (1755 dollars), and the price of the gold pound in Jordan (8 grams of 21 karat), during morning trading, remained at 280.06 dinars (394.98 dollars).
global gold prices
With a slight growth rate of 0.07% or $1.17, spot gold contracts closed trading the day before yesterday, Friday, to settle at $1,754.97 per ounce, according to data from the World Gold Exchange.
This week will be important for the yellow metal markets globally, with the start of the US Federal Open Market Committee meeting later on Tuesday, with the official press release to be issued on Wednesday evening.
A sudden increase in US retail sales in August revived fears that the Federal Reserve would cut stimulus early, supporting the dollar and paring gold’s gains.
The market already believes that the Federal Reserve will reduce bond purchases, and this should push up US Treasury yields, said Daniel Pavilonis, chief market analyst at RGO Futures.
He added that the dollar, not gold, is the beneficiary of the demand for safe havens in light of developments surrounding the real estate developer Evergrande in China.
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