Thursday 20/March/2025 – 09:14 AM
Gold prices stabilized in local and international markets at their high levels that were recorded yesterday, with the beginning of trading today, Thursday 20 March 2025, after the US Federal Reserve decision to keep interest rates at the same current rates without change.
Gold prices today
Gold prices have now recorded 4305 pounds for 21 carat in local markets.
The price of a gram of 24 carat gold is now about 4920 pounds, and 18 carat about 3685 pounds, while the price of the gold pound is now about 34,440 pounds, with the ounce of the global stock exchange about $ 3047.
Said Imbabi, Executive Director of the “i -Salaf” platform specializing in gold and jewelry circulation online, explained that gold prices continue to wave its successive heights, driven by the escalating geopolitical events, as the renewed conflict in the Middle East led to an increase in investors’ demand for gold as a safe haven.
He said that the protectionist policies pursued by the President of the President of Trump, including the imposition of customs duties by 25% on steel and aluminum imports, contributed to increasing market concerns about the impact of these policies on the global economy, which led to a high demand for gold as a store of value.
In this context, UPS Group raised its forecast for the price of gold to $ 3,200 an ounce, pointing to the possibilities of a long -term global trade war, a scenario that may push investors to intensify their purchases of yellow metal. Several investment banks, including City Bank, Goldman Sachs, Makari and RPC, have reviewed their expectations for the price of gold in recent weeks, to reflect the strong budget trend of prices.
The federal proves interest rates
Yesterday, Wednesday, the Open Market Committee of the US Federal Reserve decided to keep interest rates unchanged at a range ranging between 4.25%: 4.5%, which is less than a full percentage point than its level during last September when officials began to reduce interest rates, to comply with the market expectations.
