Gold prices fall by 150 Syrian pounds amid global decline - سانا

AI desk brief

Syrian 21-karat gold fell 150 Syrian pounds per gram on Thursday, Nov. 12, to a selling price of 16,550 pounds, according to the General Authority for Precious Metals Management. Reuters reported spot gold down 1% at $3,948.82/oz by 1114 GMT, its third consecutive decline, while December futures fell 1.1% to $3,954.50. The report attributed international weakness to a stronger dollar and increased expectations of Fed rate rises following October inflation data; US producer prices were due Friday. Dollar equivalents use Syria’s official exchange rate, but the listed 18-karat buying-price conversion is inconsistent.