03.06.2025 09:22
The global environment, strained by Ukraine's attack on Russia, had pushed gold prices close to a four-week high. Yesterday, the price of gold per gram rose to 4,267 lira, but it retreated from the four-week peak due to the new currency exchange between the two countries and the expectation that the leaders of the U.S. and China will meet this week.
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Gold is back in the spotlight in global markets. Ukraine's recent attack on Russia and the possibility of Russia's retaliation have caused tensions in global markets. This tense environment has benefited the safe haven of gold. Gram gold experienced a rapid rise on the first day of the week.
GOLD TURNED BACK FROM A 4-WEEK HIGH
The United States' decision to increase tariffs on steel and aluminum imports from China has fundamentally affected investor behavior. With the rise in risk perception, capital is moving out of the dollar and towards the safe haven of gold. However, the strengthening of the US dollar, along with expectations that US and Chinese leaders will meet this week, has led to a decline in gold prices from a 4-week high.
GOLD PRICES AS OF 09:00
Gram Gold 4,234.5 lira
Quarter Gold 6,720 lira
Ounce Gold 3,365 dollars
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