Gold prices today in Saudi Arabia, Thursday, June 22, 2022.. Yellow fell

Gold prices today in Saudi Arabia, Thursday, June 22, 2022.. Yellow fell
Gold prices today in Saudi Arabia, Thursday, June 22, 2022.. Yellow fell

Gold prices fell today in Saudi Arabia during trading Thursday, June 22, 2022, coinciding with the decline of the precious metal in global markets.

Gold price today in Saudi Arabia

And the price of a gram of 24 karat gold during today’s trading in Saudi Arabia was 221.57 riyals ($59.04), according to the “goldpricetoday.com” platform for monitoring gold prices.

And the price of a gram of 21 karat gold today in Saudi Arabia (the most traded in the market), 193.87 riyals ($ 51.66).

The price of a gram of 18 karat gold today in Saudi Arabia was about 166.18 riyals ($44.28).

As for economic gold prices today in Saudi Arabia, the price of a gram of 14 karat gold scored about 129.25 riyals ($ 34.44), while the price of a gram of 12 karat gold scored about 110.78 riyals ($ 34.44).

The price of an ounce and a pound of gold today in Saudi Arabia

The price of an ounce fell today in Saudi Arabia, during midday trading, to reach about 6891 riyals (1836 dollars).

While the price of the gold pound today in Saudi Arabia reached about 1551 riyals (413.30 dollars).

Gold prices today globally

Globally, gold fell slightly, as spot prices were traded at $1,831.32 an ounce.

This comes at a time when the precious metal markets are awaiting testimony from US Federal Reserve Chairman Jerome Powell. Powell is scheduled to give his semi-annual testimony to Congress later Thursday.

Investors continue to assess the risks of central banks pushing the global economy into recession while trying to curb inflation by raising interest rates.

Concerns about the demand outlook have exhausted commodity prices, with oil on Thursday dropping to its lowest level in more than a month. Brent crude fell 2 percent to $ 109.60 a barrel, and US crude fell 2.2 percent to $103.89 a barrel.

Iron ore was already at a six-month low after losing more than 20% in recent weeks, while copper hit a 15-month low overnight.

Thursday’s Treasury market moves were rather calm, after a strong rally the previous day as investors sought safety in sovereign debt amid growing fears of a recession.

The yield on the benchmark 10-year Treasury fell slightly to 3.1524%, hovering around a nearly two-week low, compared to the US close of 3.156% the day before.

The two-year yield, which rose as traders expected Fed funds rates to rise, rose to 3.0693%, compared to the US close of 3.056%.

The article is in Arabic

Tags: Gold prices today Saudi Arabia Thursday June Yellow fell

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