Gold prices fell today in Sudan, Saturday, May 7, 2022, coinciding with the beginning of the weekend in global markets.
Gold price today in Sudan
The price of a gram of 24-carat gold fell today in Sudan, during evening trading, to about 27,111 thousand pounds (60.58 dollars); According to the “gold-price-today” website.
And the price of a gram of 21 karat gold (the most traded in the market) in Sudan today fell to the level of 23.722 thousand pounds ($53.01).
The price of a gram of 18 karat gold today in Sudan also decreased, to about 20,333 thousand pounds ($ 45.44).
Regarding economic gold prices today in Sudan, the price of a gram of 14 karat gold recorded about 15,815 thousand pounds ($35.34).
Gold price per ounce and pound today in Sudan
And the price of an ounce of gold today in Sudan, during evening trading, fell to about 843,142 thousand pounds (1884 dollars).
While the average price of the gold pound today in Sudan (8 grams of 21 karat), is about 189.779 thousand pounds (424.08 dollars).
Gold prices today globally
Globally, the price of gold rose by the end of trading week (Friday) to reach 1882.19 dollars an ounce, and the price of gold in spot transactions reached 1882 dollars an ounce.
The US dollar is heading towards the fifth consecutive weekly gain, in light of the rise in US Treasury yields, which reached their highest levels since November 2018 during the previous session.
The US labor market data came more than expected, adding the economy to 428,000 jobs last month.
“I wouldn’t be surprised by the rise in wages and jobs, and it wouldn’t work in my favor as he recommends a 75bp rate hike at the next Fed meeting,” Stephen Innes of SBI told Archyde.com.
The Fed raised the interest rate to 1% on Wednesday, and the Bank of England followed suit on Friday.
The current situation, says Ainz, is like a policy that does not engage in a battle with the Fed’s direction, indicating that liquidations are continuing.
As for other precious metals, the price of platinum, palladium and silver fell.