
Arab Finance: Local gold prices recorded an increase of 10 pounds during today’s trading, 01-22-2025, compared to the close of trading yesterday. The price of a gram of 21 carat gold recorded about 3,800 pounds, while the price of an ounce rose globally by $10 to reach the level of $2,753, as a result of political uncertainty regarding US President Donald Trump’s trade policies, which prompted investors to hedge with gold, and increased expectations of further price reductions. Interest rate by the Federal Reserve.
Gold bullion prices were as follows:
• 24 karat: 4343 pounds
• 18 karat: 3257 pounds
• 14 karat: 2520 pounds
• Gold pound: 30,400 pounds
Worth mentioning Daily report of the “iSagha” platform Until gold prices rose by about 25 pounds during trading yesterday, Tuesday 01/21/2025, the price of a gram of 21 karat gold opened transactions at the level of 3765 pounds and closed at the level of 3790 pounds. Gold prices also rose on the global stock market by $35, as an ounce opened trading at $2,708 and closed at $2,743.
Trade tensions between the United States and other countries, including Trump's plans to impose 25% tariffs on Canada and Mexico, are expected to boost safe-haven demand for gold.
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