02.05.2025 09:20
Fluctuations in gold prices are pushing investors into a cautious wait-and-see approach. Especially with the employment data to be released in the U.S. today, the safe-haven gold started the day with a slight decline. The price of gold per gram is 4,035 TL, the quarter gold is trading at 6,454 TL, and the Republic gold is priced at 25,826 TL.
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The safe haven gold started to decline after rising due to the uncertainty created by the tariffs announced by U.S. President Donald Trump, followed by profit-taking and signs of easing at customs. After reaching $3,500 in recent weeks and breaking records consecutively, gold is preparing to complete this week with a downward trend. However, eyes are also on the employment data expected from the U.S. for pricing.
GOLD BECAME THE ADDRESS OF RECORDS
Last week, with the statements of Fed Chairman Jerome Powell, gold bullion broke records, hovering around $3,240 per ounce, while this week it experienced a decline of over 2%. Despite this sharp decline this week, gold has gained about 25% in value so far this year and broke records by exceeding $3,500 last week. However, it has pulled back somewhat amid signs that this rise has become overheated.
HERE ARE THE CURRENT GOLD PRICES
While gold continues its decline in domestic markets, gram gold is trading at 4,035 TL, quarter gold at 6,454 TL, and Republic gold at 25,826 TL. On the other hand, following this decline in gold, global banking giants maintain their long-term bullish expectations for gold prices.
NOTE: THIS NEWS CONTENT IS NOT INVESTMENT ADVICE.
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