Gold prices have risen again following the risks of global conflict.

Gold investors have witnessed days of continuous decline after record-breaking days. The gram gold, which reached its historical peak at 3076 lira, fell to 2789 lira. The nearly 300 lira drop in a short period has led gram gold investors to a pessimistic outlook.

However, gold started this week positively. The increase compared to last week's low levels exceeded 3%. The decline in the dollar index, Russia's preparation for a new attack with 50,000 soldiers, and the permission granted to Ukraine to use U.S. weapons have turned the direction of gold back upwards.

Investment experts, who emphasize that every drop in gold is a buying opportunity, have started to reiterate their year-end predictions for gold at 2700 dollars.

IMPORTANT POINTS IN GOLD PRICES

Although the latest messages from the FED have confused minds in the markets, a 0.25-point interest rate cut expectation in December continues to be 'heavily' priced in. This also supports gold prices. Analysts indicate that the support level for gold is 2600 dollars and the resistance level is 2630 dollars in the short term.

SPOT GOLD

Spot gold started the day at 2610 dollars. During the day, the lowest level seen was 2609 dollars, and the highest was 2625 dollars. Currently, it is trading at 2624 dollars.

GRAM GOLD

Gram gold started the day at 2899 lira. During the day, the lowest level seen was 2890 lira, and the highest was 2931 lira. Currently, it is finding buyers at 2920 lira.

GRAM GOLD IN GRAND BAZAAR

In the Grand Bazaar, gram gold is being bought at 3042 lira and sold at 3088 lira.