The gram price of gold started to rise.

The gram price of gold, which started the new day with an increase, is currently at 2,751 lira with a 0.2% value gain compared to the previous closing as of 10:30. In the same minutes, the quarter gold is sold at 4,530 lira, and the Republic gold is sold at 18,070 lira. The ounce price of gold, which followed a sales-oriented trend yesterday, is currently trading at $2,517 with a 0.2% increase compared to the previous closing. While a positive trend stands out globally after the inflation data announced in the US, the focus of investors today is on the decisions of the European Central Bank (ECB) regarding monetary policy.

With the signals taken from the announced data in the country, expectations that the US economy can have a "soft landing" gain strength, and the increase in investors' risk appetite draws attention.

EXPECTATIONS INDICATE A SLOWDOWN IN INFLATION RATES

Analysts stated that there is a slowdown in inflation rates as expected and that resistance continues to exist, albeit limited, in terms of core inflation, and said that the possibility of a 50 basis point cut by the Fed in this month's meeting has decreased. Today, weekly money and banking statistics will be followed domestically, while in foreign countries, the interest rate decision of the ECB in the Eurozone, the Producer Price Index (PPI) in the US, weekly unemployment claims, and the Federal budget balance will be followed. From a technical perspective, it was reported that the resistance levels for the ounce price of gold are at $2,530 and $2,550, and the support level is at $2,480.