Gold Prices Strive to Rise

Gold Prices Strive to Rise

13.11.2024 09:50

Gold prices, which had been breaking records one after another, declined following Donald Trump's victory in the U.S. presidential elections. While investors focused on when the depreciation in gold would be compensated, prices began to gain upward momentum.

Global markets are focusing on US inflation today, while a minor upward movement is observed in gold prices, which have shown a sharp decline.

After the US presidential elections, gold prices, which briefly reached historical highs, have been subject to a rapid correction.

Due to the ongoing inflation problem, which has not improved globally and shows signs of deterioration, central banks have adjusted their interest rate cuts to a lower extent than expected, changing the perception of gold prices.

GOLD OUNCE

The gold ounce started the day at $2600. During the day, the lowest level observed was $2597, and the highest was $2613. Currently, it is trading at $2610.

GOLD GRAM

The gold gram started the day at 2873 lira. During the day, the lowest level observed was 2862 lira, and the highest was 2888 lira. Currently, the gold gram is trading at 2881 lira.

GOLD GRAM IN GRAND BAZAAR

In the Grand Bazaar, the gold gram is being bought at 2990 lira and sold at 3030 lira.

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