Sharp drop in gold prices: Gram gold at a two-week low

Gold prices have retreated as expectations for interest rate hikes in the US strengthen and the dollar gains value. Influenced by developments in global markets, gram gold has fallen to the 6,080 lira level, with prices hitting their lowest point in approximately two weeks.

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Sharp drop in gold prices: Gram gold at a two-week low

The resurgence of the possibility of interest rate hikes in the US and the strengthening of the dollar have brought about a downward movement in gold prices. Conflicting statements regarding the peace talks being conducted between the US and Iran in global markets have also caused investors to act cautiously.

Under the influence of these developments, gold prices have retreated to their lowest levels in approximately the last two weeks. While gram gold started the day at the 6,080 lira level, ounce gold was trading around 4,059 dollars.