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اليوم السابع
Saudi Gold Prices Remain Fluctuating
Gold prices in Saudi Arabia continue to rise on Tuesday, influenced by the ongoing strength of the ounce globally, with the price approaching $4,340. This upward trend is supported by last week's gains and a slight decline in the US dollar. These factors have led to an increase in local gold prices, with 24-karat gold reaching approximately 522.50 riyals, and 21-karat around 457.50 riyals. Currently, the market is monitoring the direction of US monetary policy and the resilience of the $4,300 per ounce level, as maintaining this level supports the continued upward trajectory, while breaking below it could trigger profit-taking and a temporary correction.
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