17.04.2025 10:21
The increase in gold prices shows no signs of stopping. The anxious environment caused by global trade wars has accelerated the shift towards safe-haven gold. In the new day, gold reached an all-time high of $3,357 per ounce. In Turkey, the price of gold per gram rose to 4,117 lira, setting a new record.
The customs threats and implementations of additional tariffs between the USA, China, and the EU have reduced the demand for the dollar while increasing the demand for gold. Although the temporary suspension of additional tariffs by the USA for 90 days, excluding China, has eased the situation somewhat, new implementations are causing concerns to rise. New records have been set in both spot gold and gram gold, with the statements from the President of the Federal Reserve, Jerome Powell, yesterday also playing a significant role in the rise.
INFLATION AND UNEMPLOYMENT WARNING
Powell warned yesterday at an event that tariffs would increase inflation and unemployment. Fed Chairman Powell stated, "The level of tariff increases announced so far is much larger than expected. The same is likely to be true for economic effects, which will include higher inflation and slower growth."
GRAM GOLD PRICES
Gram gold started the day at 4098 lira. During the day, the lowest level seen was 4073 lira, and the highest was 4117 lira. Currently, it is being traded at 4090 lira.
GOLD PRICES IN THE GRAND BAZAAR
In the Grand Bazaar, gram gold is being bought at 4107 lira and sold at 4161 lira.
SPOT GOLD PRICES
Spot gold started the day at 3342 dollars. During the day, the lowest level seen was 3320 dollars, and the highest was 3357 dollars. Currently, it is being traded at 3333 dollars.