What is the current situation of the dollar and gold?

The USD/TRY started the day with a decrease and is currently trading at 33.5676, down 0.2%. At the same time, the EUR/TRY is down 0.4% at 36.6430 and the GBP/TRY is down 0.2% at 42.6370.

The USD index is currently at 103.2, up 0.2% compared to the previous close.

Analysts noted that investors' concerns have decreased following the "dovish" tone of the Fed officials' statements against recession concerns. Analysts also mentioned that concerns about stagnation in the markets may have been exaggerated and that there is not enough evidence to justify an urgent interest rate cut by the bank. Analysts stated that the global data agenda will be calm today and technically, the resistance level for the USD index is 103.5, while the support level is 102.

GOLD STARTED THE DAY WITH AN INCREASE

The price of gold per gram is currently at 2,583 lira, up 0.1% compared to the previous close. At the same time, the quarter gold is being sold at 4,328 lira and the Republic gold at 17,246 lira.

The price of gold per ounce moved in a downward trend yesterday and ended the day at 2,390 dollars, 0.84% below the previous close. Currently, it is at 2,396 dollars, 0.20% above the previous close.

Analysts noted that investors' concerns have decreased following the "dovish" tone of the Fed officials' statements against recession concerns. Analysts also mentioned that concerns about stagnation in the markets may have been exaggerated and that there is not enough evidence to justify an urgent interest rate cut by the bank. Analysts stated that the global data agenda will be calm today and technically, the resistance level for the gold per ounce is 2,415 dollars, while the support level is 2,350 dollars.