Gold Prices Open the Day with a Decline in Markets
Gold prices recorded a decline on the morning of September 24, while global economic developments and central bank policies dictate the direction of the markets.
Gold prices traded with a downward trend on the morning of September 24, with gram gold at 6,722 liras and ounce gold at 4,279 dollars.
Current Gold Prices
Gram gold is finding buyers at 6,722 liras with a 0.1 percent decrease compared to the previous close.
At the same minutes, quarter gold is being sold at 11,033 liras and Republic gold at 43,931 liras.
Course of Ounce Gold
The ounce price of gold is trading at 4,279 dollars, experiencing a 0.2 percent drop.
Impact of Global Markets
Strong economic data in the US and concerns over energy supply are creating pressure on gold.
Rising bond yields and a strong dollar index continue to suppress price movements in precious metals.
Central Bank Expectations
Analysts state that the strong course of the US economy could push the Fed toward hawkish policies.
Pricing in money markets shows the probability of the bank raising interest rates next month has risen to 70 percent.
International Developments
The extension of the Busan agreement between the US and China leads the dollar index to remain high.
Data Calendar of the Day
Weekly money and bank statistics are closely monitored by investors domestically.
Abroad, the US current account balance, building permits, and new home sales will be watched.