Gold prices have fallen: How much is gram gold, quarter gold and ounce gold?

Yesterday, gram gold closed at 6 thousand 502 liras, with an increase of 1.18 percent compared to the previous closing. Gram gold, which started the day with sellers, is traded at 6 thousand 458 liras as of 09.25, with a decrease of 0.70 percent compared to the previous closing. As of the same minutes, quarter gold is sold for 10 thousand 616 liras, and Republic gold is sold for 42 thousand 273 liras.

An ounce of gold is traded at $4,030, with a decrease of 0.7 percent, due to the increase in bond interest rates and the dollar index.

The lack of a significant agreement between the USA and Iran in the Middle East and the increasing attacks of the Houthis against Saudi Arabia in Yemen increase geopolitical risks in the region. As supply concerns increased following the news that Iran-backed Houthis in Yemen attacked a refinery in Saudi Arabia, the barrel price of December term Brent oil increased by 1.4 percent to 115.5 dollars.

The lack of any concrete developments in reaching an agreement between the USA and Iran is also effective in the rise in oil prices.

With the rise in oil prices increasing inflationary concerns and predictions that interest rates may remain at high levels for a long time, the US 10-year bond interest rate is again above 5 percent, while the dollar index rose to 102.4, the highest level since October 14.

On the other hand, all eyes in the markets are on the interest rate decision of the US Federal Reserve (Fed) today. The Fed is expected to keep the policy rate constant. Analysts said that the messages to be given at the meeting regarding the future interest policy in the face of inflation pressures are important.

Analysts stated that today, the foreign trade balance and Service Producer Price Index will be followed domestically, and the intense data agenda, especially the Fed's interest rate decision, will be followed abroad.

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