Gold prices in Jordan jumped today, Tuesday, September 21, 2021, supported by the decline of the dollar, and investors awaited the results of the “American Central” meeting.
Gold price in Jordan today
The price of a gram of 24 karat gold in Jordan rose during the morning trading on Tuesday, reaching the level of 40.32 dinars ($ 56.88), compared to 40 dinars ($ 56.41) at the end of trading on Monday.
And the price of a gram of 21 karat gold in Jordan (the most traded in the market) rose on Tuesday, to record about 35.28 dinars ($ 49.77), compared to 35 dinars (49.36 dollars) at the end of trading yesterday.
The price of a gram of 18 karat gold in Jordan increased on Tuesday, reaching the level of 30.24 dinars ($ 42.66), compared to 30 dinars ($ 42.32) at the close of trading on Monday.
As for economic gold prices in Jordan, the price of a gram of 14 karat gold scored about 23.52 dinars ($ 33.18), and the price of a gram of 12 karat gold recorded about 20.16 dinars ($ 28.44).
Gold price per ounce and pound
The price of an ounce rose in Jordan, on Tuesday morning, to reach the level of 1254 dinars (1769 dollars), compared to 1244 dinars (1755 dollars) yesterday.
The price of the gold pound in Jordan (8 grams of 21 karat) jumped during the middle of trading on Tuesday, reaching 282.27 dinars (398.15 dollars), compared to 279.99 dinars (394.91 dollars) at the end of trading on Monday.
Gold prices today
Gold prices rose on Tuesday, as the decline in the dollar provided support for the metal, but caution as traders await the US Federal Reserve meeting, in which it may clarify its plans to reduce stimulus, kept trading in a limited range.
Spot gold rose 0.1% to $1,766.04 an ounce by 1131 GMT.
US gold futures rose 0.2% to $1,767.20.
“The big question that needs to be answered is whether the current market uncertainty will change any potential timeline the Federal Reserve may have when it comes to announcing a reduction in its asset purchases,” said Michael Hewson, chief market analyst at CMC Markets UK. .
“More than anything else, this is likely to further push gold down.”
Gold is a hedge against inflation that may result from widespread stimulus and currency depreciation. Increasing interest rates raises the opportunity cost of holding non-returnable gold.
Giving gold a boost, the dollar fell 0.2% after hitting near a one-month peak in the previous session.
precious metals prices
Silver rose 1.3% to $22.53 an ounce, platinum rose 1.1% to $920.67 an ounce, and palladium rose 2.7% to $1,936.71.