Decline in gold prices on the first trading day of the week
While ounce and gram gold lost value in global markets, investors' attention focused on the upcoming US inflation data.
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Gold prices fell on the first trading day of the week as expectations for the Fed's interest rate policy took shape following strong US employment data.
Current Status of Ounce and Gram Gold
In global markets, the ounce of gold is buyers at 4,403 dollars, while gram gold is trading at 6,863 liras in the Grand Bazaar.
Prices in Other Gold Types
Within the scope of the downward trend in the markets, quarter gold is being sold at 11,198 liras, and Cumhuriyet gold is being sold at 44,588 liras.
Market Expectations and Inflation-Focused Course
Investors are awaiting the US producer and consumer inflation data to be announced this week; this data is projected to be decisive on the direction of gold prices.