New jump in gold: Gram gold climbs to 7,323 liras

Gold prices started the new day with an increase under the influence of developments in global markets. As of 09:25, gram gold is trading at 7,323 liras, 0.6 percent above its previous close.

IT HAD LOST 1.4 PERCENT IN VALUE YESTERDAY

Gram gold, which declined on February 24 in parallel with the drop in the ounce price of gold, had finished the day with a 1.4 percent loss at 7,276.7 liras compared to the previous close. It has returned to an upward trend in the new trading day.

HOW MUCH ARE QUARTER AND REPUBLIC GOLD?

At the same time, quarter gold is being sold at 12,340 liras, while Republic gold is trading at 48,950 liras. The ounce price of gold has risen by 0.5 percent to 5,191 dollars.

While the persistence of uncertainties regarding US trade policies is pushing gold prices upward, the end of the Lunar New Year holiday in China has also provided support to the market.

It is stated that geopolitical developments, particularly on the US-Iran front, are decisive for the direction of gold prices. Analysts note that if the effects stemming from US fiscal policy, trade policy, and foreign policy continue, demand for safe-haven assets may increase.

EYES ON US AND EUROPEAN DATA

Analysts emphasized that the domestic data agenda is quiet. Abroad, it was reported that weekly mortgage applications in the US, growth data in Germany, and inflation figures in the Eurozone will be monitored.

News Source: 12punto