Attention investors… Gold prices are in decline! How much is gram gold, quarter gold, Republic gold? Gold prices as of March 29, 2024… – Last Minute Economy News
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The gram price of gold, a favorite of investors, continues its decline on the last trading day of the week.
Gram gold price is traded at 2 thousand 405 lira in Forex markets as of 09.20.
As of the same minutes, quarter gold is sold for 3 thousand 932 liras, and republic gold is sold for 16 thousand 187 liras.
HOW MUCH WAS THE OUNCE OF GOLD?
The ounce price of gold is traded around 2234.
Gold is on the rise as investors await important US data to be released today that could affect the Fed’s monetary expansion path.
Markets are bracing for the central bank’s inflation gauge, which is likely to show it remained uncomfortably high in February. This scenario could cause central bank policymakers to rethink plans to implement three interest rate cuts in 2024.
Comments from Fed governor Christopher Waller on Wednesday bolstered the argument for delaying or making fewer rate cuts this year, calling for “at least a few months of better inflation data” before turning to lower borrowing costs.
On the other hand, JPMorgan’s Head of Global Commodity Research expects the gold price to reach $2,500 this year.
Citigroup, on the other hand, raised its gold forecast for the next three months to $2,200 per ounce and raised its forecast for the next six to 12 months to $2,300.
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