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The gram of gold started with an increase.

The gram of gold started with an increase.

09.08.2024 10:20

The price of gold per gram started the last trading day of the week with an increase and is currently trading at 2,610 Turkish liras. Yesterday, the price of gold per gram tested 2,615 Turkish liras, following the rise in the price of gold per ounce, and ended the day at 2,612 Turkish liras with a gain of 1.87% compared to the previous closing. The price of gold per ounce, on the other hand, is currently at $2,418, a decrease of 0.40% compared to the previous closing. The decrease in concerns about recession, due to the decrease in unemployment benefit claims in the US, has had an impact on asset prices.

The gram price of gold, after starting the last trading day with an increase, is currently at 2,610 lira, a decrease of 0.20 percent compared to the previous closing. At the same time, the quarter gold is sold at 4,337 lira and the Republic gold is sold at 17,282 lira. The ounce price of gold, after moving in an upward trend yesterday and closing the day at 2,427 dollars, which is 1.85 percent above the previous closing, is currently at 2,418 dollars, a decrease of 0.40 percent compared to the previous closing.

According to the data announced yesterday, the number of people applying for unemployment benefits for the first time in the United States decreased to 233,000 in the week ending August 3, below market expectations. The number of people applying for unemployment benefits for the first time in the country decreased by 17,000 compared to the previous week. Analysts stated that the decrease in unemployment benefit applications announced in the United States yesterday had an impact on asset prices due to reduced recession concerns.

With these developments, the US 10-year bond yield, which exceeded 4 percent yesterday, is currently at around 3.98 percent, and the rise in bond yields has put pressure on the ounce price of gold. Analysts, stating that the data agenda will be calm today in foreign markets, noted that technically, the resistance level for the ounce price of gold is at 2,450 dollars, while the support level is at 2,400 dollars.



 
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