30.10.2026 16:30
While the pullback in ounce gold to $3,990 amid expectations regarding the Fed's December interest rate decision triggered a sharp decline in the domestic market, gram gold fell to 6,330 lira, and quarter gold is finding buyers at 10,345 lira.
On the last trading day of the week, the selling trend deepened in the gold market. Gram gold, which completed yesterday at 6,449 lira, fell sharply to around 6,330 lira under pressure from expectations regarding the US Federal Reserve's (Fed) interest rate policy.
GRAM GOLD RETREATED TO 6,330 LIRA
Gram gold continued to lose value on the last trading day of the week. As of 16:15, gram gold was trading at 6,330 lira, while at the same time quarter gold found buyers at 10,345 lira.
FED EXPECTATION SUPPRESSES OUNCE GOLD
The growing likelihood that the Fed will raise interest rates in December increased pressure on the ounce price of gold in global markets. Ounce gold is currently at $3,990 with a 0.8% decline.
MARKETS EYE CRITICAL DATA
Analysts noted that today the summary of the Turkish Central Bank (TCMB) Monetary Policy Committee meeting will be followed domestically. Abroad, growth data from the Eurozone and Germany, the Eurozone unemployment rate, and Germany's inflation figures are in the focus of the markets.