20.02.2025 11:40
The gram price of gold, which has gained value in parallel with the rise in the ounce price, closed the day at 3,423 lira, marking a 0.1% increase compared to the previous closing. The most notable price increase in this safe haven was seen in the quarter gold, which is a staple for weddings. The price of quarter gold approached 6,000 lira.
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Amid the shadows of global trade wars, U.S. President Donald Trump's tariff threats and uncertainties regarding the roadmap the U.S. Federal Reserve (Fed) will follow in the upcoming period are increasing demand for safe havens.
While the price of gold per gram reached 3,441 lira, setting all-time records, attention has turned to the quarter gold, which is traditionally gifted at weddings in Turkey. Due to the increase in the price of gold per ounce, the price of a quarter gold has reached 5,820 lira.
16.50% INCREASE IN QUARTER GOLD BY 2025
As a staple of weddings, the price of quarter gold, which completed the year 2024 at 4,995 TL, has increased by 16.50% since January 1, 2025. There is only a 3.5% difference left for the price to reach 6,000 lira.
IMPORTANT THRESHOLD FOR GOLD PER OUNCE
From a technical perspective, it was stated that the resistance level for the price of gold per ounce is at $2,960, while the support level is at $2,930.
NOTE: The content in this news article is not investment advice.
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