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اليوم السابع
Saudi gold prices climb globally
Gold prices in Saudi Arabia increased on Wednesday, coinciding with a rise in the global gold ounce, which briefly surpassed $4,400. This came amid strong investor demand and anticipation of U.S. inflation data. The price of 24-karat gold was approximately 528.99 SAR, 22-karat around 485.45 SAR, 21-karat about 463.18 SAR, and 18-karat approximately 396.87 SAR. The price of gold depends on the outcomes of the U.S. inflation data; any indications of easing inflationary pressures could boost prospects for interest rate cuts, supporting the non-yielding metal, with the $4,300 level remaining as a key support level.
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