Gold started the day on the rise, here are the prices

On Friday, gram gold, which moved in the range of 6 thousand 685 lira and 6 thousand 602 lira, completed the day at 6 thousand 631 lira, just below the previous closing.

Gram gold, which started the first trading day of the week with buyers, is traded at 6 thousand 655 liras as of 09.30, with an increase of 0.4 percent compared to the previous closing. As of the same minutes, quarter gold is sold for 10 thousand 900 liras, and republic gold is sold for 43 thousand 399 liras.

Supported by the decline in bond interest rates, the decline in oil prices and the weakening of the dollar, the ounce price of gold is traded at $4,180 with an increase of 0.3 percent.

Recalling that his country presented its 7-stage, 7-day plan in New York, Erakchi said, "The US side conveyed its views on the 7-day plan and we are examining it. Iran's plan is still on the table."

Accordingly, while a retreat was observed in oil prices, the barrel price of December term Brent oil started the new week with a decrease of 1.9 percent at 107.8 dollars.

With these developments, a decline was also observed in the US 10-year bond interest rate. The US 10-year bond yield is currently at 5.07 percent.

The partial easing in geopolitical tensions and the decline in the dollar index due to the strengthening of expectations that the Fed will keep the interest rate constant next week were also among the factors that were effective in the rise of gold.

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