Gold prices in Lebanon rose today, Wednesday, September 22, 2021, in anticipation of the Federal Reserve’s decision about starting to tighten or continuing with monetary stimulus.
Gold price in Lebanon today
The price of a gram of 24-carat gold in Lebanon jumped during the morning trading on Wednesday, reaching the level of 86,496 thousand pounds ($57.13), compared to 85,583,000 pounds ($56.66) at the close of trading on Tuesday.
The price of a gram of 21 karat gold in Lebanon rose during Wednesday’s trading, reaching the level of 75,686 thousand pounds ($49.99), compared to 74,887 pounds ($49.58) at the end of trading yesterday.
And the price of a gram of 18 karat gold in Lebanon rose, on Wednesday, to reach the level of 64,873 thousand pounds ($ 42.85), compared to 64,188 thousand pounds ($ 42.49) at the close of trading on Tuesday.
As for economic gold prices in Lebanon, the price of a gram of 14 karat gold recorded about 50,457 thousand pounds ($ 33.33), and the price of a gram of 12 karat gold recorded about 43.248 thousand pounds ($ 28.56).
Gold price per ounce and pound
The price of an ounce in Lebanon rose during morning trading on Wednesday, to record about 2.690 million pounds (1777 dollars), compared to 2.662 million pounds (1762 dollars) at the close of trading on Tuesday.
And the price of the gold pound in Lebanon rose (8 grams of 21 karat), on Wednesday, to reach the level of 605.489 thousand pounds (399.91 dollars), compared to 599,095 thousand pounds (396.60 dollars) at the end of trading on Tuesday.
Gold prices today
Gold futures rose during the Asian session on Wednesday, and according to the Comex rating of the New York Mercantile Exchange, December gold futures traded at a level of up 0.03%.
It was previously traded higher at $1,779.65 an ounce. Gold may find support at $1,742.30 and resistance at $1,797.30.
And the US dollar index, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.07% to trade at $93.267.
Meanwhile on Comex, silver for December rose 0.73% to trade at $22.777 an ounce while copper for December rose 2.60% to $4.2170 a pound.
Gold contracts are now recording 1776.55 per ounce, with a marginal decrease of 0.09%, as for the spot gold contracts, which are recorded at 1776.30, an increase of 0.10%.
Gold is awaiting the Fed’s decision this evening, in which the Fed will decide to start tightening or continue monetary stimulus.
Expectations are mixed for the Fed’s upcoming move, as despite the positive data in the recent period, the decline in US stocks in September and the negative impact of the crisis of the Chinese real estate company Evergrande, doubled the pressure on the US economy.
Also showing today is the Existing Home Sales data, which may reveal the buying and selling movement and economic recovery in the US real estate market.