What is the current situation of the dollar and gold?

The dollar/TL, which followed an upward trend yesterday, ended the day at 34.0672 with a 0.2% increase compared to the previous closing.

The dollar/TL started the day with an increase and is currently trading at 34.0860, 0.1% above the previous closing at 10:25. At the same time, the euro/TL is being sold at 37.6710 with a 0.2% increase, and the pound/TL is being sold at 44.6580 with a 0.2% premium.

The dollar index is currently at 101.6, 0.1% below the previous closing.

It is observed that the risk appetite has increased due to the possibility that the inflation data to be announced tomorrow in the US may support the idea that the Federal Reserve may start interest rate cuts with a 50 basis point reduction.

While the fear of recession outweighs the concerns about inflation worldwide, the steps that central banks will take regarding this danger continue to be the focus of investors.

GOLD STARTS THE DAY WITH A SIDEWAYS TREND

The gram of gold is currently trading at 2,745 liras after starting the day sideways. Yesterday, the gram price of gold, which followed a buying-weighted trend parallel to the rise in the ounce price, ended the day at 2,744 liras with a 0.6% premium compared to the previous closing. The gram price of gold, which started the new day with a sideways trend, is currently at 2,745 liras, just above the previous closing at 10:30. At the same time, the quarter gold is being sold at 4,530 liras and the Republic gold is being sold at 18,070 liras. The ounce price of gold, which followed a buying-weighted trend yesterday, is currently trading at 2,505 dollars, with a sideways trend compared to the previous closing.

Global markets are trading positively as the possibility of the US Federal Reserve starting interest rate cuts with a 50 basis point reduction is supported by the inflation data to be announced tomorrow in the US. While the fear of recession outweighs the concerns about inflation worldwide, the steps that central banks will take regarding this danger continue to be the focus of investors.