[Economics] Gold prices in Palestine today, Friday, October 8, 2021

[Love Pulse]

https://al-ain.com/article/gold-prices-palestine-today-friday-october-8-2021

 

 

Gold prices in Palestine fell today, Friday, October 8, 2021, amid global anticipation of US jobs data and its impact on the prices of the precious metal.

Gold price in Palestine
The price of a gram of 24 karat gold in Palestine fell, during Friday’s trading, to 182.82 shekels ($56.60), compared to 183.79 shekels ($56.75) at the close of trading on Thursday.

And the price of a gram of 21 karat gold in Palestine (the most traded in the market) fell on Friday, to record about 159.97 shekels ($49.53), compared to 160.82 shekels ($49.66) on Thursday.

The price of a gram of 18 carat gold in Palestine fell during morning trading on Friday, reaching 137.12 shekels ($42.45), compared to about 137.85 shekels ($42.56) yesterday.

The salary crisis in Palestine is back to the fore again.. Find out the reasons
As for economic gold prices in Palestine, the price of a gram of 14 karat gold scored about 106.64 shekels ($ 33.02), and the price of a gram of 12 karat gold recorded about 91.41 shekels ($ 28.30).

Gold price per ounce and pound
The price of an ounce in Palestine recorded, during Friday’s trading, about 5686 shekels (1760 dollars), compared to 5,716 thousand shekels (1765 dollars) at the end of trading yesterday, Thursday.

The price of the gold pound in Palestine (8 grams of 21 karat) came at the level of 1280 shekels (396.24 dollars), compared to 1287 shekels (397.28 dollars) at the close of trading yesterday.

Gold prices today
Gold prices stabilized during trading Friday, in anticipation of the monthly jobs report in the United States for September later today.

If the US economy adds above 500,000 jobs in September, gold is likely to resume its decline, forex trading firm OANDA said in a note cited by Reuters.

Analysts estimated that the US economy added 490,000 jobs last month, and the unemployment rate reached 5.1%.

In terms of trading, gold futures contracts for December delivery settled at $ 1758.30 an ounce at 10:30 AM Mecca time, while the spot price for the yellow metal rose by 0.2% to $ 1759.20 an ounce.

 

Taxes, aid and loans... Behind the scenes of the salary crisis in Palestine
Silver futures for December delivery fell 0.8% to $22.49 an ounce.

precious metals prices
The spot price for platinum delivery rose 0.7% at $990.30 an ounce, and the spot price of palladium rose by about 0.5%, recording $165.50 an ounce.

The main dollar index, which measures the performance of the US currency against a basket of six currencies, rose by 0.1% at 94.310 points.

Futures

Gold futures rose during the Asian session on Friday, according to the Comex rating of the New York Mercantile Exchange.

And gold futures contracts were traded in December at $1,757.75 an ounce at the time of writing, up 0.08%.

It was previously traded on a high of 1760.55 per ounce.

Financial market experts believe that gold may find support points at $1745.40 an ounce and resistance at $1771.50 an ounce.

The dollar index, which measures the performance of the US currency against a basket of six other major currencies, rose 0.05% to trade at $94,270.

Meanwhile on Comex, silver for December fell 0.71% to trade at $22.497 an ounce while copper for December rose 0.62% to trade at $4.2745 a pound.