Gold prices today ..
18-karat gold recorded 704 pounds
21-carat gold recorded 822 pounds
24-karat gold recorded 939 pounds
The gold pound is 6676 pounds
An ounce of gold is $ 1878
Yesterday, Friday, gold achieved a slight increase after the decline of the dollar, which pushed safe haven flows towards the yellow metal again after the increase in cases of Corona virus in the United States and Europe, which threatens to derail the global economic recovery from its path.
“It seems that the recovery of the dollar has come to an end,” said Edward Moya, chief market analyst at Oanda, adding, “The spread of the virus will provide additional pressure on Congress to provide more support, which will boost stimulus circulation in the future,” according to Reuters.
The United States set a new record for new infections in one day last Thursday, while Germany and France ordered new general isolation measures.
Gold is heading on its path to record a decline for the third consecutive month, with sentiment negatively affected by the lack of progress on a new US stimulus package, as the yellow metal is considered a hedge in the face of inflation and a depreciating currency.