Gold prices rose today in Lebanon during the trading of Saturday, May 14, 2022, despite the decline of “the precious” globally, following the statements of the US Federal Reserve.
Gold price today in Lebanon
The price of a gram of 24-carat gold rose today in Lebanon in Saturday’s trading, reaching the level of 88.211 thousand pounds ($ 58.23), compared to 87.933 thousand pounds ($ 58.35) at the end of trading yesterday, Friday, according to the “goldpricedata” platform for monitoring gold prices in the Lebanese market.
The price of a gram of 18 karat gold rose today in Lebanon, to record about 66,158 thousand pounds ($ 43.68), compared to 65,946 thousand pounds ($ 43.76) at the close of trading yesterday.
Regarding economic gold prices today in Lebanon, the price of a gram of 14 karat gold recorded about 51,456 thousand pounds ($ 33.97), and the price of a gram of 12 karat gold recorded about 44.105 thousand pounds ($ 29.12).
The price of 21 karat gold today in Lebanon
The price of a gram of 21 karat gold today in Lebanon (the most traded in the market) increased to 77,184 thousand pounds ($50.96), compared to 76,932 thousand pounds ($51.05) at the end of trading yesterday.
The price of an ounce today in Lebanon scored about 2.743 million pounds ($1811.10), and the price of the gold pound today in Lebanon was about 617,472 thousand pounds ($407.64).
Gold prices today globally
Globally, gold prices fell during spot trading from Saturday morning by 0.90%, to reach the price of an ounce (an ounce) in the markets of the United States of America to 1808.20 dollars.
Federal Reserve Chairman Jerome Powell described stable rates as a “bedroom” for the economy, saying on Thursday that the central bank’s fight to cool inflation “will involve some difficulties” as the impact of higher interest rates can be felt. But he said the worst outcome would be for prices to continue to accelerate forward.
On the data front, the US Producer Price Index released on Thursday showed growth of 0.5% m/m in April, slower than the 1.6% increase in March, due to relief from pressure from higher energy product costs. .
Data released on Thursday also showed that initial jobless claims in the US rose to 203,000 last week.