The price of a gram of gold began the day on the rise

The price of a gram of gold traded at 1,623 lire, up 0.5 percent from 10:55 a.m., after the new day began with a gain in value. In the same minutes, the gold quarter was sold for 2,670 liras and the gold of the Republic for 10,770 liras.

The price of a gram of gold, which was in an upward trend yesterday, ended the day at 1615 lire, just above the previous close.

The price of an ounce of gold was traded in 1932 dollars, 0.4 percent above the previous close, after the price of an ounce of gold closed yesterday in 1925 dollars with a horizontal course.

THE FED WILL BE FOLLOWED

Analysts pointed out that a positive course is observed in global markets given the expectation that inflationary pressure in the US could ease, and reported that forecasts that the US Federal Reserve (Fed) is coming are strengthening at the end of his “hawk” steps from day to day.

Recalling that the Consumer Price Index (CPI) to be announced tomorrow and the Producer Price Index (PPI) data to be announced on Thursday in the US are in the focus of investors, the analysts pointed out that they The data is expected to increase market volatility.

THESE DATA WILL BE FOLLOWED

Analysts said that although the inflation expectation announced yesterday by the New York Fed fell to 3.8 percent in June, the lowest level since April 2021, the Fed is expected to raise the policy rate by 25 basis points. with a 95 percent chance at this month’s meeting. in the money markets. .

Noting that ZEW and inflation expectations index data will be followed today in Germany, the analysts noted that technically, the 1930 and 1920 dollars are in the support position and the 1940 and 1950 dollars are in the support position. resistance in the price of an ounce of gold. (AA)