Gram gold started the week with an increase: Here are the prices...

On Friday, gram gold closed at 6 thousand 386 liras, with a decrease of 0.56 percent compared to the previous closing. Gram gold, which started the first trading day of the week with buyers, is traded at 6 thousand 415 liras as of 09.25, with an increase of 0.45 percent compared to the previous closing. As of the same minutes, quarter gold is sold for 10 thousand 610 liras, and Republic gold is sold for 42 thousand 242 liras.

An ounce of gold is traded at 4,07 dollars, with an increase of 0.3 percent, due to the decrease in bond interest rates and the dollar index.

Increasing geopolitical risks in the Middle East, question marks regarding the financing of artificial intelligence investments, and signals received from the balance sheets of large companies continue to be decisive on the direction of the markets.

The possibility of a re-escalation of the US-Iran conflict after the midterm elections to be held in the US on November 3 is dampening the risk appetite in the markets. US President Donald Trump stated that he may have to finish what he started in Iran and said, "There is a possibility that I will bomb Iran again."

Following the news that Qatari mediators went to Tehran, the capital of Iran, within the scope of mediation talks between the USA and Iran, the barrel price of December term Brent oil decreased by 1.9 percent to 114.5 dollars.

As investors' demand for a safe haven increased due to concerns about the stocks of technology companies, the US 10-year bond interest rate decreased by 3 basis points to 4.97 percent. The dollar index decreased by 0.2 percent to 101.7 due to the decrease in the US 10-year bond interest.

On the other hand, all eyes are on the interest rate decision of the US Federal Reserve (Fed) this week. The Fed is expected to keep the policy rate constant. Analysts stated 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 the data agenda will be calm in the country today, while the Ifo business confidence index in Germany will be followed abroad.

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