All-time highs for gold, dollar, and euro

Starting the third day of the week with gains, all 3 investment vehicles refreshed their records. The dollar exchange rate crossed the critical threshold of 29 liras. The rate, which closed yesterday at 28.91, saw an all-time high of 29.07.

EURO PRICES ALSO APPROACHED THE 32 TL LEVEL

The euro, which like the dollar has maintained its upward trend, closed the day at 31.75. Continuing to gain value, the euro also refreshed its record today. The rate renewed its historical peak at 31.94.

Gram gold exceeded 1,900 liras

Gold strengthened amid expectations that the US Federal Reserve (Fed) will begin lowering interest rates sooner than expected and claims that interest rate hikes have come to an end. The gram price of gold, which closed yesterday at 1,882 liras, exceeded 1,900 liras. Gram gold refreshed its record at 1,907 liras.

LATEST STATUS ON DOLLAR, EURO, AND GOLD

As of 10:30, the dollar is trading at 28.94, the euro at 31.82, and the gram price of gold at 1,902 liras.

MARKETS FOUND SUPPORT FROM WALLER'S STATEMENT

After Fed Board Member Christopher Waller suggested that interest rates might not need to rise again, the dollar lost value, while bond yields continued their November rally.

Expressing that he is encouraged by signs that economic growth is slowing, Waller noted that if inflation continues to fall for a few more months, there would be good economic arguments for lowering the policy rate.

According to a weekly survey conducted by JPMorgan Chase & Co. since 1991, investors are increasingly positioning themselves for a hard economic landing and aggressive policy easing in the coming year.

This week, investors will closely monitor US economic data, including the core inflation measure tracked by the Fed, for further clues regarding the direction of interest rates.

News Source: 12punto