Investors beware… Gold prices are in decline: How much is gram gold, quarter gold, Republic gold? Gold prices on April 2, 2024… – Last Minute Economy News

Investors beware… Gold prices are in decline: How much is gram gold, quarter gold, Republic gold?  Gold prices on April 2, 2024… – Last Minute Economy News

They will buy and sell gold, and investors are curiously researching and following current gold prices.

The gram price of gold, which increased in parallel with the rise in the ounce price of gold yesterday, completed the day at 2 thousand 350 liras, 0.8 percent above its previous closing.

After starting the new day with a loss in value, the gram price of gold is at 2 thousand 340 liras, 0.4 percent below its previous closing, as of 10.20. As of the same minutes, quarter gold is sold for 4 thousand 190 liras, and Republic gold is sold for 16 thousand 310 liras.

HOW MUCH WAS THE OUNCE OF GOLD?

The ounce price of gold, which carried its upward trend to the sixth consecutive trading day yesterday, is traded at $2,273, 0.3 percent below the previous close, with the increasing sales pressure after breaking the record at $2,288.5 today.

Analysts noted that the dollar index strengthened and the selling pressure increased in the bond markets as concerns that the US Federal Reserve (Fed) may start to reduce the policy rate later than expected, stated that the demand for gold remained strong despite the increasing cost of alternatives.

Stating that the intense macroeconomic data calendar, especially the statements to be made by Fed Chairman Jerome Powell today, is the focus of investments, analysts stated that the signals to be received from the speech and data are expected to have an impact on the ounce price of gold.

Analysts stated that inflation in the Euro Zone, ADP private sector employment in the USA and service sector Purchasing Managers Index (PMI) data will be followed today, and that the resistance of 2 thousand 80 and 2 thousand 300 dollars in the ounce price of gold, and the resistance of 2 thousand 250 and 2 thousand 230 dollars. He stated that he was in a support position.



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