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Gold in Bahrain stays near high levels
Gold prices in Bahrain remain at high levels despite a decline in the global ounce price, with the 24-karat gold price reaching approximately 56.10 Bahraini dinars, and the 21-karat gold at 49.25 dinars. This comes after a rapid surge pushed the ounce price close to $4,700, but the rise of the dollar and US yields exerted pressure on the precious metal. Meanwhile, the market remains strong amid fears over the US financial situation and ongoing demand for gold as a safe haven. It is expected that the market will regain higher levels between $4,650 and $4,700 per ounce, with a key support at $4,600.
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