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

The gram price of gold, starting the new day with an increase, is currently at 2,754 lira, above its previous closing level as of 09:40. At the same time, quarter gold is sold at 4,540 lira, and Republic gold is sold at 18,100 lira. The price of gold per ounce is currently trading at $2,519, a 0.1% increase compared to the previous closing.

Uncertainties about the size of the interest rate cuts that the Federal Reserve (Fed) will take in the future continue, and it is predicted that signals from employment data today could increase volatility in the markets.

While confidence in inflation reaching the desired level strengthens in the country, concerns about recession continue to complicate pricing.

Today, analysts stated that the treasury cash balance and Fitch Ratings' evaluation report on Turkey will be followed domestically, while growth in the Eurozone, non-farm payrolls, unemployment rate, as well as average hourly earnings will be followed in the US. From a technical perspective, analysts reported that the resistance level for the price of gold per ounce is 2,530, and the support level is $2,500.

THE DOLLAR STARTED THE NEW DAY WITH AN INCREASE

The USD/TRY is trading at 34.0160, 0.2% above its previous closing level as of 09:40. At the same time, the EUR/TRY is trading at 37.8840, a 0.1% increase, and the GBP/TRY is trading flat at 44.8750. The dollar index is currently at 100.9, 0.1% below its previous closing level.

Global markets are experiencing a negative trend as concerns grow that the US data released may indicate a sharper slowdown in economic activity than expected. Today, the focus of investors is on the employment data in the US. Uncertainties about the size of the interest rate cuts that the Federal Reserve (Fed) will take in the future continue, and it is predicted that signals from employment data today could increase volatility in the markets.