A gram of gold is traded at ₺1870 after starting the week with an increase. Quarter gold is sold for ₺3 thousand 75, and Republic gold is sold for ₺12 thousand 550.
The gram price of gold, which gained value in parallel with the increase in the ounce price on Friday, completed the day at ₺1859 with an increase of 0.7%.
After starting the new week with an increase, the gram price of gold increased by 0.5% to ₺1870 as of 10:00. As of the same minutes, quarter gold is sold for ₺3 thousand 75, and Republic gold is sold for ₺12 thousand 550.
While the ounce price of gold tested above $2 thousand 18 for the first time since May 16, it is currently balanced at $2 thousand 10.
Analysts said that despite strong expectations last week that the US Federal Reserve (Fed) could ensure a soft landing in the economy, the bad macroeconomic data announced in China in the new week reduced the Fed-induced optimism in the markets.
Analysts stated that the data agenda will be calm in the country today, while abroad, with the statements of European Central Bank (ECB) President Christine Lagarde, construction permits in the USA, new housing starts and the Dallas Fed manufacturing industry index will be followed. Noted that the levels of $2 thousand 20 and $2 thousand 30 in the ounce price of gold are resistance and the $1990 and $1980 are support.
Source: Trthaber / Prepared by Irem Yildiz