Gold prices fell in Morocco today, Wednesday, 9-6-2021, despite the noticeable rise in the price of the yellow metal globally.
The gold prices in Morocco were as follows:
The price of 24 carat gold in Morocco recorded about 536.82 dirhams ($ 60.80), compared to 537.01 dirhams ($ 60.88), yesterday.
The price of 21 carat gold in Morocco was about 469.73 dirhams ($ 53.20), compared to 469.90 dirhams ($ 53.27), on Tuesday.
The price of 18 carat gold in Morocco was about 402.62 dirhams ($ 45.60), compared to 402.77 dirhams ($ 45.66), yesterday.
The price of an ounce of 24-carat gold in Morocco was about 16,695 dirhams (1891 dollars), compared to 16,701 dirhams (1894 dollars), on Tuesday.
As for the price of the gold pound (the weight of 8 grams, caliber 21 carats), it was recorded in Morocco about 3758 dirhams (425.59 dollars), compared to 3759 dirhams (426.20 dollars), yesterday.
Global gold is looking for a trend
Gold moved within a narrow range during trading on Wednesday, as investors awaited more data on US inflation and indicators on monetary policy from the European Central Bank, while weaker Treasury yields provided some support for the yellow metal.
The benchmark 10-year US Treasury yields are hovering near the lowest level in more than a month while the dollar index is flat.
And gold in the spot market rose 0.1 percent to $ 1893.80 an ounce by 0524 GMT, and gold in futures trading in the United States rose 0.1 percent to $ 1896.60.
Tomorrow Thursday, traders will closely follow the European Central Bank meeting and the CPI report in the United States to know the direction of the Federal Reserve regarding monetary policy.
The US Federal Reserve meets next week.
As for other precious metals, silver settled at $27.64 an ounce, palladium fell 0.1 percent to $ 2803.13, while platinum fell 0.1 percent to $1160.08.