11.03.2026 14:31
Gold prices showed limited gains ahead of the critical inflation data to be released in the U.S., while markets focused on the data to be announced at 3:30 PM.
Gold prices started the new day with a limited increase as market attention turned to the inflation data to be released in the United States. Ahead of the critical data, investors are acting cautiously, while a limited upward movement in both ounce and gram gold prices is noteworthy.
LIMITED INCREASE IN OUNCE GOLD
The uncertainty created in the energy markets by the ongoing war in the Middle East and reports that the International Energy Agency (IEA) is evaluating the largest oil reserve release to mitigate the supply shock have affected gold prices. Ounce gold started the day with a limited increase ahead of the critical inflation data. As of 08:22 in the morning, ounce gold was trading at 5,200 dollars, and by noon at 12:35, it was at 5,195 dollars.
UPWARD MOVEMENT IN GRAM GOLD
The partial increase seen in ounce gold has also reflected in gram gold prices. In the morning hours, gram gold was trading at 7,320 lira, while by the afternoon at 12:35, it rose to 7,364 lira. The difference between the prices in the Grand Bazaar and the official market prices continues. In the Grand Bazaar, gram gold is sold for 7,456 lira.
MARKETS FOCUSED ON 15:30
The entry into the 12th day of the war that began with the attacks of the United States and Israel on Iran has increased investors' risk perception, while the markets are focused on the inflation data coming from the United States. Fluctuations in energy prices are raising inflation concerns, which weakens the likelihood of the U.S. Federal Reserve (Fed) cutting interest rates. The high-interest environment is seen as a negative factor for precious metals like gold, which do not provide interest returns.
WHAT IS THE INFLATION EXPECTATION?
In the United States, inflation was announced at 2.4% year-on-year in January. In February, the annual inflation is expected to remain at 2.4%. On a monthly basis, inflation, which was announced at 0.3% in January, is projected to be 0.2% in February.