How did the gold and dollar exchange rates start the day?

The dollar/TL, which followed a downward trend yesterday, ended the day at 32.8279, 0.09% below the previous closing price.

The dollar/TL started the new day with an increase and is currently trading at 32.9870, a 0.48% increase compared to the previous closing price. At the same time, the euro/TL is trading at 35.8336 with a 0.70% increase, and the pound/TL is trading at 42.4920 with a 0.50% gain. The dollar index is currently at 104.33, just below the previous closing level.

While it is expected that the Federal Reserve will keep its policy rate unchanged for the last time next week as part of its fight against inflation, expectations of three interest rate cuts by the end of the year continue to strengthen day by day.

In the pricing of the money markets, it is predicted that the policy rate will be between 4.50-4.75 with a 55% probability and between 4.75-5.00 with a 36% probability by the end of the year. Analysts stated that developments in the US election process and macroeconomic data are at the center of investors' focus.

GOLD STARTS THE DAY WITH A DECLINE

The gram price of gold is currently at 2,510 lira, a 0.7% decrease compared to the previous closing price. At the same time, the quarter gold is being sold at 4,180 lira and the Republic gold is being sold at 16,660 lira. The price of gold per ounce, which moved in a downward trend yesterday, ended the day at 2,397 dollars, 0.51% below the previous closing price, and is currently trading at 2,367 dollars, a 1.3% decrease compared to the previous closing price.

While it is expected that the Federal Reserve will keep its policy rate unchanged for the last time next week as part of its fight against inflation, expectations of three interest rate cuts by the end of the year continue to strengthen day by day. In the pricing of the money markets, it is predicted that the policy rate will be between 4.50-4.75 with a 55% probability and between 4.75-5.00 with a 36% probability by the end of the year. Analysts stated that developments in the political arena and macroeconomic data are closely followed by investors and that future news flow could have an impact on asset prices.