Gold prices continue to rise in global markets
Upward movements are observed in precious metals alongside the US Treasury's bond move and upcoming inflation data.
Gold prices continue to maintain the upward trend that started after the US Treasury announced it would increase its buyback program for long-term bonds.
Course of Gold Prices in Markets
Gold prices continued their rise after the US Treasury announced it would increase its buyback program for long-term bonds.
Spot gold managed to retain its gains after hitting its highest level since mid-May on Tuesday.
Current Gold Prices
According to current market data, gram gold is finding buyers at the level of 7,186 TL.
Quarter gold is trading at 11,724 TL, and Cumhuriyet (Republic) gold is trading at 46,711 TL.
Spot gold in global markets is priced at the level of 4,644 Dollars.
Data Focused on by Investors
Investors are currently locked on the July Personal Consumption Expenditures inflation data closely followed by the US Federal Reserve.
Additionally, statements to be made by Fed Chair Kevin Warsh at the Jackson Hole meeting are being awaited attentively by the markets.
Status of Other Precious Metals
Alongside the activity in gold, upward changes were also seen in other precious metals.
In the spot market, silver rose to 69.09 Dollars, platinum to 1,869.22 Dollars, and palladium to 1,345.30 Dollars.