Dollar and gram gold refresh records

The dollar and the euro, which have gained historical value against the Turkish Lira for three years, had risen even further following the elections last May. The rise in the markets intensified even more with the outbreak of the Israel-Palestine war. The dollar refreshed its historical record on the second business day of the week.

HOW MUCH IS THE DOLLAR?

The dollar/TL, which has recently been hovering around the 28 TL level and breaking records one after another, reached the 28.6244 level, marking the highest point it has ever seen.

THE LATEST FIGURE FOR THE EURO

The euro/TL, which has been testing the 30 TL band for some time, has entered a downward trend today and is hovering at the 29.9737 level.

Gram gold started the day with a record

While the ounce price of gold trended toward a loss in value under the influence of the rise in US bond yields and the dollar index, the gram gold price renewed its historical peak in the morning hours with the rise in the dollar/TL. While ounce gold prices were suppressed by the rise in US bond yields and the dollar index, gram gold prices climbed to a historical record level of 1,831 liras in the morning hours with the rise in the dollar/TL. While ounce gold retreated to 1,990 dollars, it was trading at 1,993 dollars with a 0.12 percent decline as of 09.47.

THE LATEST SITUATION IN GRAM GOLD

After starting the new day with a horizontal trend, the gram price of gold is at the 1,815 lira level, just above its previous close, as of 10.30. As of the same minutes, quarter gold is being sold at 2,990 liras, and Republic gold is being sold at 12,200 liras. The ounce price of gold is also currently at the 1,995 dollar level, just below its previous close.

Analysts stated that developments in the Israel-Palestine conflict continue to remain at the center of the markets' focus, and expressed that investors are acting cautiously ahead of the monetary policy decisions to be announced by the US Federal Reserve (Fed) tomorrow.

In pricing in money markets, while it is considered certain that the Fed will keep the policy rate constant tomorrow, the signals to be received from the policy text and the statements to be made by Fed Chair Jerome Powell are expected to be effective on asset prices.

Stating that growth and inflation data in the Eurozone, as well as the housing price index and consumer confidence index data in the US, along with the news flow regarding the Israel-Palestine conflict, will be followed today, analysts noted that from a technical perspective, 2,000 and 2,020 dollars are resistance levels for the ounce price of gold, while 1,980 and 1,960 dollars are support levels.