Gram gold on the rise
Inflation data and rising employment figures announced in the US yesterday supported the Fed's interest rate cut policies. Gold buying accelerated following Iran's attacks on Israel. Gram gold is trading at 2,915 liras, while quarter gold is trading above 5,000 liras. As of October 11, 2024, volatility continues in the markets.
The stagnation in gold over the last few days has once again given way to a rise. Ounce gold had experienced a 3% decline from 2,685 dollars. On the last trading day of the week, new activity began to be seen in gold.
HOW DID GRAM GOLD START OCTOBER 11, 2024?
While gram gold prices are being offered for sale at 2,915 liras, a trend between 3,025 liras and 3,065 liras is observed in the Grand Bazaar. Quarter gold has risen above 5,000 liras again.
Following the weekly unemployment insurance claims and inflation data announced in the US yesterday, new activity began to be seen in gold. Ounce gold, which started the day at 2,645 dollars in global markets, saw its lowest level this week at 2,604 dollars.
News Source: 12punto
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