Gold prices fell today in Tunisia, Saturday, May 7, 2022, coinciding with the beginning of the weekend in global markets.
Gold price today in Tunisia
The price of a gram of 24 karat gold today in Tunisia, during evening trading, fell to about 185.26 dinars ($ 60.58); According to the “gold-price-today” website.
The price of a gram of 21 karat gold (the most traded in the market) in Tunisia today fell to the level of 162.11 dinars ($53.01).
The price of a gram of 18 karat gold today in Tunisia also decreased to about 138.95 dinars ($ 45.44).
Regarding economic gold prices today in Tunisia, the price of a gram of 14 karat gold fell to about 108.07 dinars ($ 35.34).
Gold price per ounce and pound today in Tunisia
And the price of an ounce of gold today in Tunisia, during evening trading, decreased to about 5,762 thousand dinars (1884 dollars).
While the average price of the gold pound today in Tunisia (8 grams of 21 karat), is about 1,297 thousand dinars (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.