Positive news from America curbed the sudden rise in gold prices, which lasted for two hours, which started around three to five in Egypt time, after which prices suddenly fell again.
Global gold prices rise and then fall back
The result of the rise and decline in gold prices today for spot contracts was an increase of about $10.15, an increase of 0.56%, to reach $1824.79, at the previous closing price of $1814.64, and prices moved today in a daily range ranging between $1812.59 and $1829.69.
Gold prices for futures contracts in the global markets amounted to about $ 1817.70 at exactly three o’clock in the afternoon, Egypt time, and reached at about five o’clock only a third of Cairo time to $ 1830.45, then returned to decline to reach around six o’clock in the evening, to reach $ 1825.35.
The result of the rise and decline in gold prices today for spot contracts was an increase of about $10.85, an increase of 0.59%, to reach $1,825.35, while the previous closing price was $1814.60, and prices moved today in a daily range ranging between $1812.75 and $1830.45.
American news limits the sudden rise of gold
Today, the US preliminary employment data was released, which showed a positive impact, and 807 thousand jobs were added, almost double the jobs that were expected to be added to the American economy, which indicated that only about 400 thousand jobs were created.
The preliminary employment data is a strong indication of improving core employment data, which is expected to be released on Friday.
Some experts expect that the US Federal Reserve will raise the interest rate sooner than the announced, to control inflation, and that these data will enhance the adoption of that position that supports the dollar price, which will, of course, be reflected in the price of gold by lowering, and the Federal Reserve will release the results of its December meeting. today.
Today, US 10-year Treasury yields rose to their highest levels last Tuesday, due to expectations that the Fed will raise interest rates.
24 karat gold gram 58.57
22 karat gold gram 53.69
21 karat gold gram 51.25
18 karat gold gram 43.93
14 karat gold gram 34.17
12 carat gold gram 29.28
10 grams of gold 24.40
