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Gold prices rose today, Wednesday December 30, 2020, to gauge 21 in Arab markets, and although the market saw some declines in trading sessions yesterday, the precious metal overcame that drop to return to stabilize at the level of $ 1,880.
Some watchers of the gold movement expect gold to fall as investors tend to reap profits with gold hitting big highs before the year is out, which means selling gold. gold in enormous quantities this leads to an increase in supply in the markets, and an increase in supply means a marked fall in prices, and this scenario may Now, in light of the developments of the emergence of a new strain of Corona virus in England, which could lead to transmission of this strain to every country in the world, and that would lead countries to shut down again despite a vaccine against the virus, but no one knows how bad the drug is effective with the new strain..
21 karat gold price today, Wednesday December 30, 2020
The price of 21 karat gold is considered to be an indicator of the gold market in most Arab countries, so we are releasing details of the latest developments in the price of 21 karat gold at the local level, which has recorded a very limited increase in most of the countries of the Arab region when the gold trade opened in the retail markets; and the record 21 karat gold in Saudi Arabia. The price of 199.16 Saudi Riyals, and in the UAE, 21 karat gold recorded a value of 194.94 UAE dirhams, and its price in Kuwait was 16.20 Kuwaiti dinars, and its price in Egypt was 818 pounds per gram, and it was registered in Iraq 77,277 Iraqi dinars, and 21 karat gold registered in Jordan valued at 37.63 dinars. Jordanian.
The gold bullish scenario is certain this week as gold is still close to the point of resistance, meaning the investor is aware that hedging and buying safe-haven stocks is the only way to come out of the Corona virus crisis, and the emergence of new strains more quickly in terms of spread, which will lead to declines In the stock markets with the tendency of countries to close, and here the investor resorts to hedge these risks.
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