The gram price of gold, the favorite of investors, started the day with an increase.
After starting the new day with an increase, gram gold is traded at the level of 2 thousand 63 lira in the Forex Markets as of 10:00. As of the same minutes, quarter gold is sold for 3 thousand 372 liras, and republic gold is sold for 13 thousand 874 liras.
The ounce price of gold, which was in the range of 2 thousand 30-2 thousand 45 dollars yesterday, completed the day at 2 thousand 35 dollars with a 0.1 percent decrease, and is currently finding buyers at 2 thousand 33 dollars with a 0.1 percent loss of value.
EYES ON FED OFFICIALS
While the signals that economic activity continues to remain strong in the USA remain warm, the developments in the Middle East as well as the statements of the US Federal Reserve (Fed) officials are closely followed by investors.
While Fed members continue their cautious statements about interest rate cuts, the probability that the Fed will keep the policy rate constant in March has increased to 82 percent in the pricing in money markets.
Analysts stated that today, in addition to the Inflation Report in the country, weekly money and bank statistics, and abroad, weekly unemployment benefit applications and wholesale stocks data in the USA will be followed, and from a technical perspective, the ounce price of gold will reach the levels of 2 thousand 40 and 2 thousand 60 dollars. He noted that the resistance, $2,020 and $2,010 levels are support.