Today, Saturday, November 6, 2021, the price of gold in Lebanon rose, supported by the rise of the world precious metal.
Gold prices in Lebanon today
A gram of 24 carat gold in Lebanon was worth 89,362 thousand pounds ($ 58.49), which was 87,200 thousand pounds ($ 57.66) at the close of trading on Friday.
The price of a gram of 21 carat gold in Lebanon rose during trading on Saturday to 78,194 thousand pounds ($ 51.18) and yesterday 76,302 thousand pounds ($ 50.48).
The price of a gram of 18 carat gold in Lebanon rose during early trading on Saturday, hitting about 67,022 thousand pounds ($ 43.87) compared to 65,401 thousand pounds ($ 42.81) at the close of trading on Friday.
The price of 14 grams of 14 carat gold in Lebanon on Tuesday was about 52,128 thousand pounds ($ 34.12) and the price of 12 carat gold in Lebanon was about 44,681 thousand pounds ($ 29.24).
Gold price per ounce and pound
The price of an ounce in Lebanon on Saturday morning was about 2.779 million pounds ($ 1819) and the price of a pound of gold in Lebanon was about 625,548 thousand pounds ($ 409.43).
Gold prices today
Gold rose more than 1% at the end of Friday – more than 1% at the end of last week’s trading – close to its two-month high, as demand for the metal increased this week as major central banks were reluctant to change interest rates. Considered a safe haven.
And gold rose 1.2% in immediate trade to $ 1813.36 an ounce (an ounce), registering an increase after a 0.3% fall, as a result of data showing that jobs in the United States rose more than expected in October.
U.S. gold futures for December delivery rose 1.3 percent to $ 1816.80 an ounce.
The limited reaction to the data demonstrates that “despite strong labor market reports, this does not change what Federal Reserve Chairman Jerome Powell pointed out this week.”
The Federal Reserve stuck to its view on Wednesday that inflation would prove to be “temporary” and would not require a sharp rise in interest rates. After that, the Bank of England surprised markets by not changing interest rates.
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