Why are gold, silver, and gold ounce prices falling?

Why are gold, silver, and gold ounce prices falling? Here is the reason:

Gold, silver, and gold ounce prices have been falling recently. Citizens are searching for the latest gold, silver, and gold ounce prices...

HERE ARE THE REASONS

According to a report in HaberTürk, analysts state that the easing of tensions in the Middle East has reduced the demand for gold, causing prices to fall.

The US Federal Reserve's (Fed) decision to keep interest rates high and the uncertainty regarding when it will begin interest rate cuts are causing investors to turn to other investment vehicles instead of gold.

Strong economic data released in the US reduces the likelihood of the Fed cutting interest rates, which negatively affects gold prices.

From a technical analysis perspective, the 2,350 and 2,300 dollar levels are seen as support for the ounce price of gold, while the 2,400 and 2,430 dollar levels are seen as resistance.

WHY ARE SILVER PRICES FALLING?

The decline in silver prices generally occurs in parallel with movements in gold prices and is affected by similar economic factors.

WHAT ARE THE CURRENT GOLD PRICES?

Gold Ounce: As of April 22, 2024, the price of a gold ounce is at the 2,395 dollar level.

Gram Gold: As of April 22, 2024, the price of gram gold is 2,485 TL.

Quarter Gold: As of April 22, 2024, the price of quarter gold is 4,064 TL.

News Source: 12punto