14.02.2025 10:52
The price of gold per gram started the day at 3,414 lira, marking a 0.5% increase compared to the previous closing. A quarter gold is being sold for 5,670 lira, while a republic gold is priced at 22,600 lira. There is a sense of optimism in the markets due to the trade decision in the United States.
The gram of gold is trading at 3,414 lira after starting the day with an increase. The gram price of gold, which gained value in parallel with the rise in the ounce price yesterday, closed the day at 3,397 lira, marking a 0.9% increase compared to the previous closing.
CURRENT GOLD PRICES
The gram price of gold is at 3,414 lira, reflecting a 0.5% increase compared to the previous level as of 09:40 this morning. At the same time, the quarter gold is being sold for 5,670 lira, and the republic gold for 22,600 lira. The ounce price of gold is trading at 2,933 dollars, with a 0.1% premium compared to the previous closing.
TRADE WARS AFFECTING GOLD PRICES
There is optimism created by U.S. President Donald Trump's decision not to close the door to negotiations regarding tariffs, which is affecting asset prices. Trump made statements after signing a decision that instructed the development of a comprehensive plan against non-reciprocal regulations in U.S. trade relations. Stating that he decided to implement reciprocal tariffs to ensure fairness in trade, Trump said, "We will apply what countries apply to the U.S." Analysts noted that growth in the Eurozone, retail sales, industrial production, and capacity utilization rate data in the U.S. will be monitored abroad, and technically, the resistance level for the ounce price of gold is at 2,950 dollars, while the support level is at 2,900 dollars.