The gram of gold is trading at 2,653 Turkish liras.

The gram price of gold, which started the day with an increase, is currently at 2,653 lira, an increase of 0.30 percent compared to the previous closing, as of 09:45. At the same minutes, the quarter gold is sold at 4,413 lira and the republic gold is sold at 17,588 lira. The price of an ounce of gold moved in a downward trend yesterday and ended the day at $2,447, a decrease of 0.69 percent compared to the previous closing, and is currently trading at $2,456, an increase of 0.40 percent compared to the previous closing.

Signals from the data announced worldwide are causing positive expectations for the future period. Yesterday, the Consumer Price Index (CPI) in the US increased by 0.2 percent on a monthly basis in July, parallel to expectations, and by 2.9 percent on an annual basis, below estimates. Annual inflation, which continued to slow down for the fourth consecutive month, recorded its lowest level since March 2021.

Analysts stated that inflation in the country indicates that the US Federal Reserve is progressing towards its target of 2 percent, allowing the bank to focus more on its other goal of maximizing employment. After these developments, expectations that the Fed will reduce interest rates by 50 basis points in September weakened, but pricing that the bank will reduce interest rates by 100 basis points by the end of the year continued to remain strong.

While the 10-year Treasury bond yield of the US continued its downward trend for the fourth consecutive trading day with the easing of inflation concerns, it is currently at 3.84 percent, and the dollar index is balanced at 102.6.