- BIST10012,238+0.72%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,208.90+0.44%
- INTEREST37.00%-1.00
- BITCOIN83,386+2.00%
- October 13, 202619°
- BIST10012,238+0.72%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,208.90+0.44%
- INTEREST37.00%-1.00
- BITCOIN83,386+2.00%
- October 13, 202619°
Gold Started the Week with a Decline
Gram gold started the first trading day of the week with a 1% decline. US President Trump's statements on Iran and housing sales in the US are closely monitored in the market.
On the first trading day of the week, gram gold prices started with a decline. As of 09:30, gram gold is trading at 6,809 lira, down 1% compared to the previous close. Quarter gold and republic gold prices also recorded a decrease.
The price of gold per ounce fell by 1.1% to 4,668 dollars due to US-Iran tensions and statements by US President Donald Trump. Trump stated that the draft proposed by the US regarding Iran was found unacceptable by Iran.
While domestic data flow is reported to be calm, second-hand home sales in the US are among the important data to be followed abroad. These developments are considered to have an impact on gold prices.
The decline in the price of gold per ounce, which rose more than 2% last week, indicates that uncertainties in the markets continue. Analysts state that developments in US-Iran relations and economic data in the coming days will be decisive on gold prices.
Due to the lack of a clear agreement and limited data flow, market fluctuations are expected to continue. The direction of gold prices will become clearer with official statements and new data.
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