Gold prices started the day higher
The price of a gram of gold is trading at the 1,650 lira level, after starting the day with a rise.
The price of a gram of gold, which lost value in parallel with the fall in the price of an ounce of gold yesterday, ended the day at 1,646 liras with a depreciation of 0.06 percent compared to the previous close.
The price of a gram of gold began the new day with an increase with the support it found in an ounce of gold. The price of a gram of gold is trading at 1,650 liras with an increase of 0.23 percent as of 10:55 am. At the same time, the gold quarter sells for 2,711 liras and the Republic’s gold for 10,944 liras.
Gold is currently trading at $1,893 an ounce, up 0.20 percent.
QUESTIONS ABOUT THE DECISION OF INTEREST CONTINUE
Although the macroeconomic data releases in the US indicate that economic activity remained stronger than expectations, this situation raises questions about where the US Federal Reserve (Fed) will determine the final policy rate.
Although the price that the Bank will not change the policy rate with a probability of 90 percent next month remains strong, it is not clear what steps it will take for the rest of the year.
The analysts stated that the uncertainties in question continue to suppress the gold ounce price and noted that technically $1875 is in the support position and $1905 in the resistance position in the gold ounce price. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
