Daily changes in gold prices and market developments
While gram gold started the day with a decline, geopolitical developments and statements by central bank officials are being monitored by global markets.
Gram gold started the day with a 0.53 percent decrease at the level of 6,780 liras, while ounce gold is trading at 4,319 dollars. Markets are following geopolitical developments and statements by Fed officials.
Latest Status in Gold Prices
After closing the day yesterday with a 0.73 percent decrease at 6,814 liras, gram gold made a selling-oriented start to the new day. As of 09:40, it is trading at the level of 6,780 liras with a 0.53 percent decrease compared to the previous close.
At the same time, quarter gold finds buyers at 11,103 liras, and Republic gold at 44,208 liras. The ounce price of gold is also trading at 4,319 dollars with a 0.6 percent decrease.
Geopolitical Developments and Optimism
US President Donald Trump stating that he is open to meeting with Iranian President Masoud Pezeshkian, who is expected to come to New York for the United Nations General Assembly, increased hopes that geopolitical tension could ease.
Optimism that constructive results could emerge from the meeting between Trump and Chinese President Xi Jinping also supports risk appetite in global markets.
Central Bank and Data Calendar
Chicago Fed President Austan Goolsbee emphasized that the central bank cannot ignore repeated and persistent supply shocks, and that it has to give a response that could lead to economic hardships.
Analysts stated that the consumer confidence index and foreign exchange assets and liabilities of non-financial sector firms will be followed domestically today, while the consumer confidence index in the Eurozone and the Richmond Fed manufacturing index in the US will be followed abroad.