What is the current situation of gold and dollar?

The gram price of gold is trading at 2,536 lira after starting the day with a horizontal trend. The gram price of gold, which fell to 2,522 lira due to the decrease in the ounce price yesterday, completed the day at 2,534 lira, 0.60% below the previous closing price. The gram price of gold, which started the new day with a horizontal trend, is currently at 2,536 lira, an increase of 0.1% compared to the previous closing price as of 10:35 am. At the same minutes, the quarter gold is sold at 4,230 lira and the Republic gold is sold at 16,852 lira.

The ounce price of gold completed the day at 2,397 dollars, 0.16% below the previous closing price, while it is currently trading at 2,394 dollars, a decrease of 0.1% compared to the previous closing price.

Analysts stated that the developments regarding the election process in the US have increased the uncertainty in global markets and reported that the developments on this issue are closely monitored. Analysts said that the concern that trade wars could resume if former President Donald Trump is elected is negatively affecting investors' risk appetite, and that this situation continues to affect commodity and bond markets. Analysts stated that the second-hand housing sales in the US will be followed today and expressed that technically, the support level for the ounce price of gold is 2,390 dollars and the resistance level is 2,430 dollars.

WHAT IS THE CURRENT SITUATION IN DOLLAR?

The USD/TRY is trading at 32.9480, 0.1% above the previous closing price as of 10:20 am, after starting the new day with a gain. At the same minutes, the EUR/TRY is sold at 35.8870 with a 0.1% increase, and the GBP/TRY is sold at 42.6150 with a 0.1% gain. The dollar index is currently at 104.3, just above the previous closing price.

Analysts stated that asset prices are experiencing a mixed trend due to the uncertainty brought by the presidential elections in the US and said that today the focus is on the monetary policy decisions of the Central Bank of the Republic of Turkey (CBRT). It was stated that the signals to be taken from the monetary policy text can increase volatility in the markets, and all economists participating in AA Finance's expectation survey predicted that the CBRT will keep its policy rate unchanged.