02.05.2025 12:30
Safe-haven gold began to decline after rising due to the uncertainty created by the tariffs announced by U.S. President Donald Trump, followed by profit-taking and signs of easing in tariffs. However, on the last day of the week, for the first time in a long while, the price of gram gold exceeded the 4,000 lira threshold, selling at 4,035 lira.
Fluctuations in gold prices are pushing investors into a cautious wait. Especially today, as the employment data to be announced in the U.S. leads to a cautious expectation, the safe-haven gold started the day with a slight decline but exceeded the expected threshold. After a long time, the gram gold has risen above the 4,000 lira mark, reaching 4,035 TL.
In recent weeks, gold bullion, which broke records with the statements of Fed Chairman Jerome Powell, has been trading sideways at around $3,240 per ounce, while this week it experienced a decline of over 2%. Despite this sharp drop this week, gold has gained approximately 25% in value so far this year.
HERE ARE THE CURRENT GOLD PRICES
The movement in gram gold has started to accompany the volatility in the ounce gold. Although the record figures experienced on the ounce side last week lifted gold prices, similar sales have also caused declines in gram gold. However, as of today, gram gold started the day above the 4,000 lira mark at 4,035 lira. As of 12:00 PM, gram gold continued to stay above this level. Quarter gold is trading at 6,438 TL, while Republic gold is trading at 27,096 TL.
NOTE: THIS NEWS CONTENT IS NOT INVESTMENT ADVICE.