Categories: Economy

Gold prices started the day higher

Gold prices started the day higher

The price of a gram of gold is trading at the level of 1,072 liras, after starting the day with a rise.

The price of a gram of gold, which lost 0.91 percent in parallel with the fall in the price of an ounce of gold yesterday, ended the day at 1,066.5 liras.

After starting the new day with a rise, the price of a gram of gold is trading at 1,072 lira with a gain of 0.5 percent at 10:30 a.m. At the same time, the quarter of gold is selling for 1,760 lira and the gold of the Republic for 7,150 lire.

The price of gold per ounce is currently trading at $1,788, gaining 0.4 percent after yesterday’s 0.9 percent drop.

THE DECISION OF INTEREST OF THE FED IS EXPECTED

Analysts said inflation data due to be released in the US today, ahead of the US Federal Reserve’s (Fed) interest rate decision, is expected to have an impact on inflation. direction of asset prices.

The increase in the Consumer Price Index (CPI), which was 7.7 percent annually in October, below forecasts, is expected to slow to 7.3 percent annually in November.

In money market pricing, the Fed is expected to raise the policy rate by 50 basis points with a probability of 77 percent at its meeting tomorrow.

Stating that the ZEW indices are also on today’s data agenda, the analysts pointed out that technically $1,770 is in the support position and $1,830 is resistance in the price of an ounce of gold. (AA)

Source: Sozcu

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