Gold prices today in Syria, Tuesday 4 January 2022

Gold prices today in Syria, Tuesday 4 January 2022
Gold prices today in Syria, Tuesday 4 January 2022

Gold prices rose in Syria today, Tuesday, January 4, 2022, coinciding with the rise of the precious metal on global stock exchanges.

Gold price in Syria today

And the price of a gram of 24 carat gold in Syria rose during morning trading today, Tuesday, to about 145.757 thousand pounds ($ 58.01).

And the price of a gram of 21 karat gold (the most traded in the market) increased at the opening of trading on Tuesday in Syria, to about 127,540 thousand pounds ($50.76).

The price of a gram of 18 karat gold in Syria this morning, Tuesday, rose to about 109,319 thousand pounds ($43.51).

In terms of economic gold transactions in Syria today, Tuesday, the price of a gram of 14 karat gold rose to about 85,025 thousand pounds ($ 33.84).

The price of an ounce and a pound of gold in Syria

And the price of an ounce of gold in Syria recorded today, Tuesday, during early trading, a rise to about 4.533 million Syrian pounds (1804 dollars).

While the price of the gold pound, at the beginning of trading today, Tuesday in Syria, amounted to about 1.020 million pounds (406.10 dollars).

Global gold prices

Globally, gold prices rose at the beginning of Tuesday’s trading session, after the rise in US bond yields, supported by bets that the Federal Reserve (the US central bank) would raise interest rates faster than expected, pushed the precious metal to the largest drop in six weeks in the previous session.

And gold rose 0.2% in spot contracts to $ 1804.46 an ounce at 0345 GMT, after rising yesterday, Monday, to its highest level in more than a month at $ 1831.62, before giving up gains and closing down 1.5 percent. US gold futures rose 0.2% to $1,804.30.

“When there is such an increase in bond yields, it undermines the attractiveness of the inflation hedge… It’s really not surprising to see gold starting lower,” said Ilya Spivak, currency strategist at Daily FX.

The US 10-year Treasury yield rose to 1.63% today, and the 30-year Treasury yield rose to 2.02%.

This rise in bond yields came as markets awaited a number of important US data this week, led by the monthly jobs report, while the Federal Reserve is scheduled to start accelerating the pace of reducing asset purchases this month.

As for precious metals, spot silver fell 0.4% to $22.77 an ounce, while platinum rose 0.1% to $956, and palladium increased 1.2% to $1847.69.

Inflation and monetary policy are expected to be the main drivers of the markets during 2022, as investors expect the Federal Reserve to raise interest rates to help cool rising consumer prices.

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