09.09.2025 11:36
The price of gold per gram continues to rise, starting the new day at 4,840 lira. A quarter gold coin is being sold for 8,030 lira, while a republic gold coin is priced at 31,980 lira. Expectations of interest rate cuts by the U.S. Federal Reserve are influencing the increase in gold prices.
The gram price of gold starts the new day with an increase, trading at 4,840 lira. The gram gold, which closed yesterday with a 1.4% gain at 4,822 lira, continued its buying-weighted trend in the morning hours.
Quarter gold is sold at 8,030 lira, while the republic gold is sold at 31,980 lira.
GOLD OUNCES AT RECORD LEVEL
The price of gold per ounce also started the day with a value gain, setting a new record. The ounce gold, which closed yesterday with a 1.4% increase at 3,635 dollars, is trading at 3,647 dollars with a 0.3% increase in the morning hours. The ounce gold reached its historical peak at 3,659.32 dollars during the day.
EXPECTATIONS OF FED'S INTEREST RATE CUT ARE INFLUENTIAL
Strong expectations that the U.S. Federal Reserve (Fed) will cut interest rates by a total of 75 basis points by the end of the year continue to affect gold pricing.
Analysts state that the inflation data to be announced in the U.S. this week is of critical importance, indicating that the data will guide the Fed's actions in September. In the markets, a 25 basis point interest rate cut in September is seen as a certainty, while the probability of a 50 basis point cut is at 12%.
DOLLAR INDEX WEAKENS
The dollar index closed yesterday with a 0.4% decrease at 97.4, while today it is trading at 97.3 with a 0.1% decrease. Analysts emphasize that the weakening of the dollar index supports prices by increasing the alternative cost of gold.
TECHNICAL OUTLOOK
According to experts, the resistance level for ounce gold is 3,700 dollars, while the support level is 3,600 dollars. It is also noted that there is no significant data agenda today, both domestically and internationally.