Historic record for gram gold! It rose to 3,465 TL
Gold prices continue to rise as demand for safe havens increases due to global uncertainties and customs duties. While ounce gold approaches 2,940 dollars, gram gold broke a record at 3,465 lira.
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Gold rose as uncertainty regarding customs duties continued, increasing demand for safe-haven assets.
Ounce gold rose by 0.26 percent to reach the 2,940 dollar level. The price of an ounce of gold had seen its historic peak at 2,956 dollars on February 24.
Parallel to ounce gold, gram and quarter gold prices also continued their movement toward the peak.
GRAM GOLD BROKE A RECORD
Gram gold broke a record at 3,465 liras. Currently hovering around the 3,455 lira level, gold touched a new peak today at 3,465 liras.
HOW MUCH IS QUARTER GOLD?
Quarter gold also changed hands at 5,683 liras.
Ounce gold prices (March 13, 2025)
Ounce gold is trading at 2,934 dollars.
US President Donald Trump warned of additional customs duties on EU goods following retaliatory steps by the EU and Canada.
Secretary of Commerce Howard Lutnick also stated that Trump would apply trade protection to copper.
On the other hand, US inflation data coming in below expectations gave investors confidence regarding the progress of disinflation.
It was noted that the inflation data could provide room for the Federal Reserve (Fed) to cut interest rates.
Despite this, concerns that trade policies could lead to inflationary pressures continued to weigh on the markets.