Gold prices continue to decline

Gram gold closed yesterday at 6 thousand 600 liras, with an increase of 0.40 percent compared to the previous closing. Gram gold, which started the day with sellers, is traded at 6 thousand 543 liras as of 09.30, with a 0.9 percent decrease compared to the previous closing. As of the same minutes, quarter gold is sold for 10 thousand 728 liras, and Republic gold is sold for 42 thousand 760 liras.

While the concern that tensions in the Middle East may increase again at any time continues to put pressure on the markets, oil prices remain at high levels due to the uncertainties in the Gulf.

Rising inflation concerns around the world due to rising oil prices continue to support predictions that central banks may accelerate the tightening process in monetary policies.

According to the pricing in the money markets, it is expected that the US Federal Reserve (Fed) will leave the policy rate constant at its next week's meeting with an 86 percent probability, while it is almost certain that it will increase the interest rate by 25 basis points in the December meeting.

US President Donald Trump stated that the reason he went to war with Iran was to prevent Tehran from acquiring nuclear weapons, and argued that this was "one of the best things he has ever done."

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)