17.06.2026 22:10
After the US Central Bank left interest rates unchanged at the 3.50-3.75 level, gold prices plummeted under selling pressure. Previously trending upward, spot gold lost 1% in value. Gram gold, which had risen to 6,526 lira during the day, fell by 0.85% to 6,386 lira.
The US Federal Reserve (Fed) kept the policy rate unchanged at 3.5-3.75 percent, in line with expectations. In a statement from the Fed, it was noted that the decision to keep the policy rate unchanged was taken unanimously.
DECLINE IN OUNCE GOLD
Following the decision, selling pressure was observed in gold prices. Before the decision, ounce gold, which was trading around 4,382 dollars with a gain of approximately 1 percent, reversed its direction. Losing 1 percent in value, ounce gold fell to the level of 4,289 dollars.
GRAM GOLD ALSO RETREATED
Domestically, gram gold also felt the impact of the Fed's interest rate decision. Rising to 6,526 lira during the day, gram gold retreated to the level of 6,386 lira after the decision, a decline of 0.85 percent.