Record-breaking streak continues for gram gold

The direction in money and commodity markets changed following Hamas's attacks on Israel on October 7. Israel's retaliatory intense attacks on Gaza, along with clashes involving Lebanon and Syria, have escalated tensions in the Middle East.

In risky situations such as war, investor preference shifts toward gold. With the increase in geopolitical risks, demand for gold as a safe haven has risen.

DEVELOPMENT THAT INTENSIFIED THE WAR

Meanwhile, tensions in the region rose after Israel bombed a hospital in Gaza. Statements made by US President Joe Biden during his visit to Israel yesterday caused gold prices to rise rapidly. Biden explicitly stated that they support Israel.

OUNCE GOLD SEES 2.5-MONTH HIGH

Starting the previous day at 1,923 dollars, ounce gold rose to 1,962 dollars, testing its highest level in 2.5 months. Ounce gold last tested levels above 1,960 dollars on August 1.

GRAM GOLD EXCEEDED 1750 LIRA YESTERDAY

The sharp rise in ounce gold led gram gold to reach record levels domestically. Gram gold tested an all-time high of 1,753 lira yesterday. Gram gold closed the day at 1,753 lira.

OUNCE GOLD IS STABLE TODAY

Starting the fourth trading day of the week at 1,947 dollars, ounce gold is currently following a horizontal trend, trading at 1,945 dollars. During the day, ounce gold saw a low of 1,945 dollars and a high of 1,953 dollars.

NEW RECORD FOR GRAM GOLD

Opening today at 1,752 lira, gram gold reached 1,787 lira, testing an all-time high. Gram gold is currently trading at 1,753 lira. During the day, gram gold saw a low of 1,748 lira.

News Source: 12punto