Gold prices fell today, Tuesday, as investors became more cautious ahead of the release of important US jobs and inflation data, which may indicate the direction of the Federal Reserve’s monetary policy at the beginning of the new year, which pushed 21 carat to decline by 60 pounds.
Gold prices today
– 24 karat records 6537 pounds.
– 21 caliber costs 5720 pounds.
– An 18 karat carat costs 3813 pounds.
– The gold pound is 45,760 pounds.
Gold is declining as it approaches the historic peak, amid investor caution
The price of an ounce of global gold recorded a decline during today’s trading by 0.5%, to record the lowest level at $4271 per ounce, after opening today’s session at the level of $4307 per ounce, and is currently trading at the level of $4282 per ounce, according to Gold Billion’s analysis.
Over the past few days, gold has come very close to the highest historical level it recorded in mid-October at $4,381 per ounce. Which essentially led markets to wonder whether there is enough confidence to break through a higher level, or whether this level is the beginning of a decline in momentum.
Keep an eye on US employment and inflation data
Composite US employment reports for October and November, scheduled for release today, will lack many details after a 43-day government shutdown curtailed data collection, including the unemployment rate for October.
Markets are also awaiting US weekly jobless claims data and the Personal Consumption Expenditure Index, the Federal Reserve’s preferred inflation indicator, due later this week.
