Double record in gold prices!

As a result of rising concerns in the Middle East, gold prices have exceeded 2,700 dollars for the first time, while new records have also been seen in gram gold prices calculated based on the ounce of gold and the dollar/TL exchange rate.

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Gold prices have reached a new peak as expectations regarding the US elections and rising tensions in the Middle East have increased demand for gold, which is seen as a safe haven.

The dollar traded near an 11-week high following data that provided the US Federal Reserve (Fed) with the opportunity to act more slowly in easing monetary policy.

Rising expectations that Donald Trump could win the presidential elections in the US have also provided support to the dollar. It is thought that the tax and immigration policies that Trump would implement would increase inflation. This situation has supported gold in rising to a new historical peak. A new peak has also been recorded in gram gold, which found support from the rise in the ounce of gold.

LATEST STATUS IN GOLD PRICES

Ounce gold prices exceeded 2,700 dollars for the first time, reaching up to 2,714 dollars. Thus, gold, which continues its upward trend in the new day, has carried its rise to the fourth consecutive trading day.

As of 09:00, ounce gold prices are trading at 2,710 dollars with a 0.60 percent increase.

A new record level has also been recorded in gram gold prices, which are calculated based on the ounce of gold and the dollar/TL exchange rate.

News Source: 12punto