Local markets traded higher by an ounce on global stock markets during trading on Tuesday, raising US expectations in light of the risk and concerns over inflation, which increased the attractiveness of the yellow metal. The Federal Reserve will begin to reduce economic stimulus.
Lotfi Munib, vice president of the General Confederation of Trade Unions, rose 0.3% to $ 1761 an ounce, and 21 carats to 771 pounds.
Munib recorded 24 carat 881 pounds and 18 carat 661 pounds in Al Porsa, and the price of gold reached 6168 pounds.
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Gold falls as fears of banking crisis ease, dollar and oil rise | economy
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