"Waterfall decline in gold prices: The retreat from the peak continues."

Gold prices continue to decline rapidly from their historical peak. The inflation data released in the U.S., which came in high but in line with expectations, has become a new pressure factor on gold prices.

Gold investors cannot take their eyes off the screens. Gold prices are far from the high performance they exhibited at the beginning of the month, showing a 5-day waterfall decline graph.

Gram gold, which is trading about 8% below its historical peak, has reduced investors' appetite. The inflation data released in the U.S. yesterday, which came in line with expectations but showed an increase, is being closely monitored in terms of the Fed's interest rate cut actions.

ONS GOLD

Ons gold started the day at $2574. During the day, the lowest level seen was $2559, and the highest was $2581. Currently, it is trading at $2561.

GRAM GOLD

Gram gold started the day at 2843 lira. During the day, the lowest level seen was 2824 lira, and the highest was 2850 lira. Currently, it is trading at 2828 lira.

GRAM GOLD IN GRAND BAZAAR

In the Grand Bazaar, gram gold is being bought at 2944 lira and sold at 2984 lira.