Fed decisions and drop in oil prices boost gold value
The US Federal Reserve's policies and the easing in the oil market enabled the precious metal to gain more than one percent in value.
Gold prices recorded an increase of over one percent, supported by the US Federal Reserve's interest rate decision and tightening messages, alongside the decline in oil prices.
Precious Metal Movement in Markets
Gold prices rose as investors evaluated the US Federal Reserve's interest rate decision and its messages regarding potential further tightening in monetary policy.
Gaining more than one percent on Thursday, gold became the focus of investors alongside these market developments.
Impact of the Oil Market
The slowdown and subsequent decline in oil prices, which had seen increases the previous day, were among the key factors supporting the rise in gold.
Opening Prices of the Day
Gram gold started the day at the level of six thousand seven hundred twenty-three Turkish Liras, while ounce gold traded at four thousand two hundred ninety-seven dollars.
Current Gold Selling Prices
While investors and citizens researched current prices from the early hours of the day, morning selling prices became clear.
Quarter gold found buyers at ten thousand nine hundred sixty-eight Turkish Liras, and half gold at twenty-one thousand nine hundred thirty Turkish Liras.
Latest Status in Other Gold Types
Full gold was announced at forty-four thousand two hundred two Turkish Liras, Republic gold at forty-three thousand seven hundred nineteen Turkish Liras, and gremse gold at one hundred ten thousand eight hundred forty-five Turkish Liras.