Gold prices stabilized in Morocco today, Sunday, December 12, 2021, in parallel with the global market holiday.
And global markets are on a weekly holiday on Saturday and Sunday.
Gold price today in Morocco
A gram of 24 karat gold in Morocco, in evening trading on Sunday, amounted to 529.23 dirhams ($ 57.36).
And the price of a gram of 21 karat gold (the most traded in the market) on Sunday evening in Morocco, scored about 463.09 dirhams ($ 50.19).
The price of a gram of 18 karat gold also stabilized today, Sunday, in Morocco, at about 396.93 dirhams ($ 43.02).
In terms of economic gold transactions in Morocco today, Sunday, the price of a gram of 14 karat gold stabilized at about 308.72 dirhams ($ 33.46).
The price of an ounce and a pound of gold in Morocco
And the price of an ounce of gold today in Morocco, during evening trading on Sunday, was stable at about 16,459 thousand dirhams (1784 dollars).
While the price of the gold pound in Morocco reached about 3705 dirhams ($401.53) on Sunday evening.
Global gold prices
Globally, gold prices rose at the settlement of Friday’s trading (the closing of the week’s trading), after the release of US inflation data and the continued evaluation of developments in the “Omicron” variable around the world.
Data from the US Bureau of Labor Statistics showed that the annual inflation rate rose to its highest level since June 1982, as the index recorded 6.8% during last November, exceeding expectations of 6.7%.
Investors are awaiting the Federal Reserve’s meeting next week, to monitor how it deals with increasing inflationary pressures in the United States.
On the other hand, the state of concern about the “Omicron” mutant continues, after New York Governor “Kathy Hochhol” announced the imposition of wearing face masks in all public places in the state, starting next Monday, to avoid a spike in infections with the start of the holiday season, one day after recording At least 20 Omicron infections.
And the price of gold futures contracts for February delivery rose 0.5%, or $8.10, to reach $1,784.80 an ounce upon settlement.
In the total trading last week, the price of gold increased marginally by less than 0.1%, to record the first weekly rise in a month.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.2% to 96.010 points.
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