Latest situation under ounce, quarter and gram

While the effect of the Fed continues on ounce gold prices, it saw the lowest level in 3 months today. Gram gold price, on the other hand, is moving at the level of 904 liras in these minutes.

The ounce price of gold continues to decline with the expectations that the US Federal Reserve (Fed) may implement more aggressive monetary tightening. On the last trading day of the week, an ounce of gold fell to $ 1811, the lowest level since February 7th.

U.S. bond yields continue to rise, with the expectation that the Fed may raise interest rates more drastically. While the US 10-year bond yield rose to the level of 3.09 percent today; The 2-year bond yield climbed to 2.61%. The dollar index, which shows the value of the dollar against the 6 most traded currencies in the world, maintains its strong stance; today, seeing the level of 104.86, it renewed the peak of 20 years. Despite the rise in bond prices and the dollar index, gold prices are declining due to the reverse correlation effect.


In today’s transactions, ounce gold, which fell to the lowest level in about 3 months, saw the highest level of 1828 dollars today. An ounce of gold was traded at $ 1818, with a decrease of 0.20 percent in the following minutes.


While the price of gram gold progressed with the effect of the rise in the dollar exchange rate; During the day, it saw the highest level of 910.09 lira and the lowest level of 897.51 lira. Gram gold is at the level of 904.82 liras, with an increase of 0.61 percent as of 14:40. In the same minutes, quarter gold is traded at 1498 liras and Republic gold at 6 thousand 159 liras.

While gram gold prices were moving at the level of 912 lira at the closing time of the Turkish markets yesterday; started the last trading day of the week at 905 lira.


Source: bigpara- GÜNDEM by

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