23.05.2025 08:50
Concerns about the U.S. budget deficit and a weakening dollar are increasing demand for gold, driving prices up. Gold is moving towards its strongest weekly gain in the last month. As of 08:45, the price of gold per gram has risen to 4,163 Turkish lira.
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Concerns about the U.S. budget deficit engulfing global markets have once again directed investors towards gold, a safe haven. The weakening of the dollar and the increase in financial risk perception have opened the door to the strongest weekly gains in gold prices in the last month.
GLOBAL CONCERNS BOOST GOLD DEMAND
Uncertainty regarding the U.S. fiscal discipline triggers investors' risk-averse behavior. This situation increases demand for traditional safe havens like gold, while strengthening upward pressure on gold prices. The weakening of the dollar is another significant factor supporting this movement.
BEST PERFORMANCE ON A WEEKLY BASIS
Gold is moving towards its best performance recorded in over a month on a weekly basis. This rise makes gold attractive again, especially for investors looking to diversify their portfolios.
HERE ARE THE CURRENT GOLD PRICES
Gram gold: 4163.0 TL
Quarter Gold: 6628 TL
Republic Gold: 27552 TL
ONS Gold: 3319 dollars
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