The gram price of gold finds buyers at 329.9 lira after starting the day with an increase.
Yesterday, despite the decrease in the dollar exchange rate, gram gold gained value in parallel with the increase in the ounce price of gold, and completed the day at 326.4 lira, with an increase of 3.4 percent compared to the previous closing.
The gram price of gold, which started the new day with a gain in value, is traded at 329.9 lira as of 11:00, 1.1 percent above the previous closing. At the same time, quarter gold is sold for 542 lira and Republic gold is sold for 2,215 lira in the Grand Bazaar.
The ounce price of gold is currently balanced at $1,571, an increase of 1.2 percent compared to the previous closing.
Analysts stated that an upward movement in gold prices was observed after the US Federal Reserve (Fed) went to an unlimited asset purchase program to reduce the economic effects of the new type of coronavirus (Covid-19) epidemic.
Analysts emphasized that the ounce price of gold, which was around $1,490 before the decision taken by the Fed to ensure the effective pass-through of monetary policy and support the markets, tested $1,585 after the decision, and said that the news flow regarding the epidemic and monetary expansion steps will be the focus of investors.
Analysts stated that today, the Monetary Policy Committee meeting summary in the country and the manufacturing industry and service sector Purchasing Managers Index (PMI) data to be announced in the USA and Europe will be followed. Technically, $1,550 per ounce of gold has become support and $1,580 per gram has become resistance, and gold He said that the 320-335 lira band stands out.
Source: https://www.aa.com.tr/tr/ekonomi/gram-altin-330-lira-seviyelerde-/1777091
