Record rise in gold prices! Gold has set a new record.

After the interest rate cut by the Federal Reserve (FED), the record-breaking gold prices for both ounces and grams are rising again following profit realizations. The gram gold reached a record high of 2849 TL. The ounce gold also set a new record at 2600 dollars.

The FED lowered the interest rate by 50 basis points, bringing it down to 5 percent. The markets priced in the FED's interest rate cut move. Both ounce and gram gold reached record levels, but declines were observed after profit realizations.

RECORD ON TOP OF RECORD

The ounce gold started the day at 2586 dollars. During the day, it reached a low of 2584 dollars and a high of 2600 dollars, setting a new record. Currently, it is trading at 2593 dollars. The 2600 dollar level had been a historical record.

The gram gold started the day at 2829 lira. During the day, it saw a low of 2825 lira and a high of 2849 lira, breaking the record. Currently, it is finding buyers at 2848 lira.