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The price of gold per gram started with an increase.

The price of gold per gram started with an increase.

26.09.2024 11:01

The price of gold per gram started the new day with an increase, reaching 2,924 lira. Compared to the previous day's closing, gold showed a 0.2% increase, with the quarter gold priced at 4,920 lira and the Republic gold at 19,600 lira. Developments in global markets and announcements from the U.S. Federal Reserve are being closely monitored by investors.

Yesterday, contrary to the ounce price, the gram price of gold, which followed a buying-weighted trend, closed the day at 2,917 lira, up 0.1% compared to the previous close. The gram price of gold started the new day with an increase and, as of 10:05, is at 2,924 lira, up 0.2% compared to the previous close. At the same time, the quarter gold is being sold at 4,920 lira, and the Republic gold at 19,600 lira. The ounce price of gold, which reached a record level of 2,670 dollars yesterday, is currently at 2,663 dollars, up 0.2% compared to the previous close.

THE US FOCUSED ON GROWTH DATA TO BE ANNOUNCED

Global markets are trading positively ahead of the statements to be made today by Federal Reserve (Fed) Chairman Jerome Powell, while the growth data to be announced in the US is also in the focus of investors. In the pricing of money markets, the expectation that the Fed will make a 75 basis point cut by the end of the year remains strong, while a 50 basis point rate cut is anticipated with a 61% probability in November. Concerns about recession in the US economy and increasing tensions in the Middle East continue to support demand for safe-haven assets, while signals to be taken from Powell's guidance today are expected to have an impact on the direction of the markets.



 
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