09.04.2025 09:40
After reaching its peaks, gold prices retreated but became active again with news that the U.S. would impose a 104% tariff on China starting today. Minutes after the announcement, the price of gold per ounce gained value and reached the level of $3,010.
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The news that gold prices are waiting to rise again came from the USA. Last night, White House spokesperson Karoline Leavitt stated that nearly 70 countries have reached out to US President Donald Trump to start negotiations since the tariffs were announced on April 2. Leavitt also noted that the tariffs against China, which have reached a total of 104%, will come into effect on April 9 (today).
This statement from the White House has been interpreted as an indication that trade wars between China and the USA will escalate much further. While this situation increases the likelihood of recession, it has started to be seen as a premium on the gold side due to the slowdown in the global economy and the drop in oil prices, which raises the perception of risk.
GRAM GOLD PRICES
Gram gold started the day at 3637 lira. During the day, the lowest level seen was 3626 lira, and the highest was 3688 lira. Currently, it is being bought at 3679 lira.
ONS GOLD PRICES
Ons gold started the day at 2983 dollars. During the day, the lowest level seen was 2970 dollars, and the highest was 3012 dollars. Currently, it is being traded at 3011 dollars.
GRAM GOLD PRICES IN THE GRAND BAZAAR
In the Grand Bazaar, gram gold is being bought at 3755 lira and sold at 3810 lira.
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