Gold extended its gains on Wednesday for the second day in a row, supported by a weak dollar, lower oil prices that eased concerns about inflation pressures and rising global interest rates, despite mixed signals from the United States and Iran about ending the war, which kept investors in suspense.
The price of an ounce of global gold rose today by 2%, reaching the highest level at $4,602 per ounce, after opening today’s trading at $4,476 per ounce, to trade at the time of writing at $4,560 per ounce, according to Gold Billion’s analysis.
Gold prices today
24 karat records 7897 pounds
21 carat costs 6910 pounds
18 karat record costs 5922 pounds
The gold pound is 55,280 pounds
For the second day in a row, gold was able to rise, ending a sharp decline that lasted 10 consecutive sessions, pushing gold to its lowest level in 4 months, bringing the price to levels that encourage buying again, in conjunction with buying signs from the momentum indicator.
Oil prices fell after US President Donald Trump said on Tuesday that the United States was making progress in its efforts to negotiate an end to the war with Iran, while the Iranian military on Wednesday rejected Trump’s claims that the United States was in negotiations to end the war, saying that the United States was negotiating with itself.
The markets responded to Trump’s statements and saw the price of crude oil and the dollar decline as a result of this, but there is great caution in the markets due to the lack of confidence in Trump’s statements regarding negotiations with Iran to end the war, especially after the continuation of military operations between all parties.
