With the strengthening of the dollar in global markets, a rapid decline was seen in ounce.
Gold prices fell sharply. With the dollar rising in global markets and the euro/dollar parity falling to 1.06865, gold ounces also decreased.
An ounce of gold started the day at 1942 dollars. During the day, the lowest level was 1932 dollars and the highest was 1946 dollars. Currently, an ounce of gold is trading at 1933 dollars. Thus, an ounce of gold fell to its lowest level since March 17, 2023.
Experts stated that they expect a retracement to $ 1929 with the break of the 1938 dollar support, and if the decline continues, the levels of $ 1919 and $ 1897 can be seen. Experts put forward the 1947 dollar as a resistance.
GRAM GOLD WATCHING HORIZONTAL
Gram gold prices tended to a horizontal course due to the volatility in the dollar. Gram gold started the day at 1255 liras. During the day, the lowest level was 1239 lira and the highest was 1275 lira. Currently, gram gold finds buyers at 1258 liras.
DEBT CEILING CRISIS IS RESOLVING IN THE USA
The debt ceiling crisis, which will cause the US economy to stall, has not yet been resolved. The bill still needs Congressional approval, although US President Joe Biden and House Speaker Kevin McCarthy have agreed between them.
US President Joe Biden said he felt good that the deal would pass Congress.
Biden said that some Republican members of the House of Representatives have concerns, but that money will be allocated if more money is needed. Burak TAŞCI – Hurriyet.com.tr
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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