24.01.2025 11:02
The price of gold per gram started the day at 3,183 lira, showing an increase. A quarter gold coin is being sold for 5,200 lira, while a Republic gold coin is priced at 20,740 lira. Analysts are evaluating the impact of U.S. President Trump's statements on the markets.
The gram price of gold is at 3,183 lira, reflecting a 0.9% increase compared to the previous closing, as it started the new day with an upward trend at 10:15. At the same time, a quarter gold is being sold for 5,200 lira, and a Republic gold for 20,740 lira. The ounce price of gold is currently trading at 2,773 dollars, showing a 0.7% increase compared to the previous closing. In asset prices, a positive trend is emerging following U.S. President Donald Trump's messages regarding the alleviation of geopolitical risks and his statements on the need to lower interest rates during the World Economic Forum (WEF) held in Davos via video conference.
THE IMPACT OF TRUMP ON MARKETS
Analysts state that Trump's statements regarding interest rates have a significant impact on the direction of the markets, noting that low oil prices and the policy interest rate could have positive effects on manufacturing activity and growth. They also reported that uncertainties regarding the tariffs Trump plans to impose on trade partners such as Mexico, Canada, China, and the European Union continue, and that the tariffs are seen as significant risks that could increase inflationary pressures and slow down the Federal Reserve's (Fed) pace of easing monetary policy.