10 Hrs
Source:
صدى البلد
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Gold closes at 7,152 pounds
The prices of gold in the local market experienced relative stability, with 24-karat gold reaching approximately 7,152 pounds per gram. At the same time, global demand for the precious metal increased by 2% during the first quarter of 2026, reaching 1,230.9 tons, supported by increased purchases of bars and coins, as well as a 3% rise in central bank acquisitions. The rise in gold prices is further fueled by escalating military tensions in the Middle East and uncertainties related to U.S. trade policies, along with a slight decline in the value of the dollar. This combination enhances gold's appeal as a store of value and a hedge during times of economic uncertainty.
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