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  HOME PAGE 25/12/2024 05:01 
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The gold investor has pinned all their hopes on the Fed.

The gold investor has pinned all their hopes on the Fed.

24.12.2024 10:10

Gold prices are fluctuating with expectations that the Fed will cut interest rates twice in 2025, while increases are being observed considering the likelihood of more rate cuts.

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Gold has lost the rapid rise momentum it had in recent months. The statement from the U.S. Federal Reserve that it will cut interest rates twice in 2025 has caused a loss of momentum.



However, in light of the recently announced data, gold investors have regained hope, and a recovery trend in gold has begun to be observed.



Investors are currently focused on how quickly or deeply the U.S. central bank will cut interest rates in 2025.



Analysts are marking a target of $2676 for gold in the short term. If this target is reached, the $2720 level could be the new target. In case of downward movements, the first support is at $2603.



Gold investor has pinned all hopes on the Fed

SPOT GOLD

Spot gold started the day at $2611. During the day, the lowest level seen was $2610, and the highest was $2620. Currently, it is trading at $2618.

GRAM GOLD

Gram gold started the day at 2954 lira. During the day, the lowest level seen was 2952 lira, and the highest was 2969 lira. Currently, it is finding buyers at 2968 lira.

GRAM GOLD IN GRAND BAZAAR

In the Grand Bazaar, gram gold is being bought at 2991 lira and sold at 3031 lira.



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