The gram price of gold is at the level of 2,500 lira

The gram price of gold, which started the new day with a 0.2% loss, is at the level of 2,500 lira as of 09:50. At the same minutes, the quarter gold is sold for 4,095 lira, and the Republic gold is sold for 16,320 lira. The price of gold per ounce is currently finding buyers at 2,416 dollars with a 0.2% decrease.

IN THE PRICING IN THE MONEY MARKETS, IT IS EXPECTED THAT THE FED WILL REDUCE INTEREST RATES IN SEPTEMBER WITH A 65% PROBABILITY

While Federal Reserve (Fed) officials continue to emphasize that there should not be a rush for interest rate cuts, it is expected that the announcement of the balance sheet of the giant chip manufacturer today will increase stock and sector-based volatility. Analysts stated that the statements made by Fed officials regarding the first interest rate cut expected to be made this year, emphasizing that there should not be a rush for this cut, made the pricing difficult. With these developments, in the pricing in the money markets, it is expected that the Fed will reduce interest rates for the first time in September with a 65% probability.

TODAY, THE DOMESTIC DATA AGENDA IS CALM

Analysts stated that the domestic data agenda is calm today, while in the foreign markets, the second-hand housing sales in the US and the meeting minutes of the Federal Open Market Committee (FOMC) of the Fed will be followed, and from a technical point of view, they noted that 2,450 and 2,400 dollars are the support levels for the price of gold per ounce, and 2,500 and 2,550 dollars are the resistance levels.