Quarter gold coin is sold for ₺3 thousand 380, and Republic gold is sold for ₺13 thousand 770.
A gram of gold is traded at ₺2 thousand 20 after starting the day with an increase.
Yesterday, the gram price of gold, which gained value in parallel with the increase in the ounce price of gold, completed the day at ₺2 thousand 11 with an increase of 0.52%.
After starting the new day with an increase, the gram of gold increased by 0.4% as of 10.25 and is at the level of ₺2 thousand 20. As of the same minutes, quarter gold coin is sold for ₺3 thousand 380, and Republic gold is sold for ₺13 thousand 770.
The ounce price of gold, which carried the upward trend for the fifth consecutive trading day, is currently finding buyers at $2,030, 0.3% above its previous closing.
Analysts stated that expectations that the US Federal Reserve (Fed) will start interest rate cuts late after US inflation exceeded expectations continue to maintain their strong stance, and noted that the signals to be received from the minutes of the last meeting of the Fed Federal Open Market Committee (FOMC) to be published today may have an impact on the direction of commodity prices.
Before the minutes, it was considered certain in the money markets that the Fed would not change the policy rate in March, while the possibility of the bank starting to reduce interest rates was priced at 37% in May and 78% in June.
Analysts stated that today, the data agenda in the country is calm, while abroad, the consumer confidence index in the Eurozone and the minutes of the Fed’s meeting in the USA will be followed. They stated that technically, the levels of $2 thousand 40 and $2 thousand 60 in the ounce price of gold are resistance, and the levels of $2 thousand 20 and $2 thousand 10 are support.
Source: Patronlardunyasi / Prepared by Irem Yildiz