Gold prices started the week with a decline.

The gram price of gold is at the level of 2,935 lira, having started the new week with a decrease, losing 0.7% compared to the previous closing as of 10:20. At the same time, the quarter gold is being sold for 4,951 lira, and the Republic gold for 19,729 lira. The ounce price of gold is currently trading at 2,629 dollars, down 0.8% compared to the previous closing. Global markets are starting the week positively, influenced by optimism that China does not intend to enter a potential trade war with the US and positive signals from the economic data released in the country, while attention is turned to the busy data agenda to be announced worldwide today.

FED IS EXPECTED TO CONTINUE INTEREST RATE CUTS THIS MONTH

Despite the high geopolitical and political tension worldwide, signals from macroeconomic data are keeping risk appetite strong in the markets. In the pricing of money markets, it is anticipated that the US Federal Reserve (Fed) will continue to cut interest rates this month with a 67% probability, while the non-farm payroll data to be announced on Friday is expected to affect these pricing expectations.