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The Gram Price of Gold Started with an Increase.

The Gram Price of Gold Started with an Increase.

14.10.2024 10:55

The price of gold per gram started the week with an increase, trading at 2,937 Turkish lira. On Friday, it had closed at 2,928 lira. A quarter gold coin is being sold for 5,020 lira, while a Republic gold coin is priced at 20,000 lira. In global markets, positive expectations regarding the U.S. economy are having an impact.

The gram of gold is trading at 2,937 lira after starting the week with an increase. On Friday, the gram price of gold, which followed a buying-weighted trend, closed the day at 2,928 lira, up 1.3% compared to the previous closing.

GOLD HAS GAINED VALUE COMPARED TO LAST WEEK

The gram price of gold is at 2,937 lira, with a 0.3% increase compared to the previous closing, as of 09:45 on the new week. At the same time, the quarter gold is being sold at 5,020 lira, and the Republic gold at 20,000 lira. The ounce price of gold, which followed a buying-weighted trend on Friday, is currently at 2,665 dollars, up 0.3% compared to the previous closing.

RESISTANCE FOR GOLD IS 2,680 DOLLARS

Global markets started the week positively, supported by strong expectations that the U.S. economy may experience a soft landing and statements made by the Chinese Finance Minister over the weekend. Growing confidence that inflationary pressures in the U.S. have weakened for some time has given way to a cautious stance following the inflation data released last week. Although the probabilities that the Federal Reserve (Fed) will keep the policy interest rate unchanged next month are being factored into pricing, expectations remain strong that there will be a total reduction of 50 basis points in the two meetings scheduled by the end of the year, with 25 basis points each. Analysts noted that the data agenda is calm both domestically and internationally today, stating that technically, the resistance level for the ounce price of gold is at 2,680 dollars, while the support level is at 2,640 dollars.



 
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