On Saturday, April 2, 2022, the price of gold rose slightly in Iraq, despite the world precious metal recording a weekly loss of 1.8%.
Gold prices in Iraq today
And the price of a gram of 24 carat gold in Iraq today has risen to about 90.579 thousand dinars ($ 61.95) in the middle of trading.
Also in Iraq today the price of a gram of 21 carat gold (the most traded in the market) has risen to about 79,259 thousand dinars ($ 54.21).
The price of a gram of 18 carat gold in Iraq today rose to about 67.936 thousand dinars ($ 46.46) in evening trade.
At the current economic price of gold in Iraq, a gram of 14 carat gold is worth about 52,838,000 dinars ($ 36.14).
The price of an ounce and a pound of gold in Iraq today
And the price of an ounce of gold in Iraq rose to about 2.817 million dinars ($ 1927) this evening.
And in the middle of today’s trade, the average price of a pound of gold in Iraq (8 grams 21 carats) was about 634.071 thousand dinars ($ 433.65).
Gold prices worldwide today
Globally, the price of gold fell as the US closed its trading session (last session of the week) on Friday following the monthly jobs report and the rise in US Treasury earnings.
Data from the US Bureau of Labor Statistics shows that the economy added 431,000 jobs in March, well below the expectations of 492 thousand, while the unemployment rate fell to 0.6% from 3.2% last month.
The jobs report prompted investors to stay away from US treasuries, with expectations that US interest rates will rise sharply this year, leading to higher treasury revenues.
The yield on 10-year bonds was 2.36%, while the yield on two-year bonds rose to 2.44%, reversing the yield curve.
In comments prepared for an event by Chicago Fed President Charles Evans, he predicted that the central bank would raise interest rates six times this year by 25 basis points simultaneously.
Gold futures for June delivery fell 1.6 percent, or $ 30.30, to $ 1,923.70 an ounce in Friday’s trade, with weekly losses of about 1.8 percent.
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