30.05.2025 09:50
With the strengthening of the dollar, gold prices have declined again; investors are now focused on the Personal Consumption Expenditures (PCE) data to be released today. The price of gold per gram has dropped to 4,155 TL.
After the court ruling regarding customs tariffs in the USA, the rising gold price per ounce has turned down this morning as the dollar regains strength globally. Markets are now focused on the PCE data, which the Federal Reserve considers as an inflation indicator.
GOLD PER OUNCE HAS DECLINED AGAIN
Gold per ounce, which showed signs of recovery yesterday, was trading at $3,293 this morning with a 0.74% decrease. Analysts indicate that if the downward movement continues, the levels of $3,272 and $3,243 are important support points. The recovery of the US dollar puts pressure on gold, while the price of gold per gram in Turkey has also decreased to 4,155 TL.
MARKETS EYE ON PCE DATA
The Personal Consumption Expenditures (PCE) data to be released today in the USA is critical for investors. This data will be decisive for the direction of gold prices as it plays a key role in the Fed's monetary policy decisions.
TECHNICAL LEVELS: RESISTANCE IN THE $3330-3365 RANGE
According to analysts, the $3,330 level must be surpassed for a new upward movement in gold per ounce to begin. The area up to $3,365 stands out as strong resistance.
NOTE: The information contained in this news is not for investment purposes.