Gold Prices and Global Economic Developments in the Markets
While gram gold started the day with an increase, US bond yields, oil prices, and developments in the Middle East are determining market movements.
Gold prices started the day with a buyer-favored trend, while geopolitical risks in the Middle East, fluctuations in US bond yields, and the course of oil prices are being closely monitored in global markets.
Gram Gold and Current Prices
Gram gold started trading at the level of 6,588 liras with a 0.1 percent increase compared to the previous close. Yesterday, it had completed the day at 6,585 liras with a 1.64 percent increase.
Other Gold Types and Ounce
At the same minutes, quarter gold is finding buyers at 10,846 liras and republican gold at 43,195 liras. The ounce price of gold is being sold at 4,180 dollars with a 0.1 percent decrease.
Course of US Bond Yields
The US 10-year Treasury yield stabilized at the 5.24 percent level, while the 30-year bond yield dropped to 5.56 percent. The 2-year bond yield stands at 4.90 percent.
Geopolitical Risks and Oil
US President Donald Trump's denial of reports that he is ready to ease sanctions against Iran and statements between the parties are having an impact. The barrel price of November delivery Brent crude is trading at 103.1 with a 0.5 percent increase.
Central Banks and Inflation
The fact that rising oil prices fuel inflation fears increases expectations that central banks, led by the Fed, could accelerate their tightening process.
Today's Busy Data Agenda
Analysts stated that the unemployment rate and foreign trade balance domestically, and unemployment and inflation data in Germany internationally, will be monitored.