Gold prices continue to rise.

The gram price of gold is at the level of 2,951 lira, with an increase of 0.5% compared to the previous closing, as it started the new day with an upward trend at 09:40. At the same time, the quarter gold is being sold for 5,040 lira, and the Republic gold for 20,070 lira. The price of gold per ounce continues its upward trend for the third consecutive trading day, currently trading at 2,685 dollars, just below the record level, with an increase of 0.4% compared to the previous closing. The ounce price has maintained its upward trend, approaching record levels again, due to expectations that central banks will continue to cut interest rates and geopolitical risks.

THE END OF THE TIGHT MONETARY POLICY THAT HAS BEEN CONTINUING WORLDWIDE IS APPROACHING

As the end of the tight monetary policy that has been ongoing worldwide approaches, the question of whether a recession will occur in the coming period remains. Analysts state that today, the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) domestically and the European Central Bank (ECB) abroad, along with a busy data agenda, will be closely monitored, and technically, the resistance level for the price of gold per ounce is 2,700 dollars, while the support level is 2,660 dollars.