Gold prices started the week with a decline in global markets
Following strong US employment data and expectations that interest rates will remain high, gold prices opened the new week with a decline.
Strong US employment data increased expectations that interest rates will remain high, while precious metals followed a downward trend on the first trading day of the week.
Spot and Futures Gold Prices
Spot gold dropped by 0.5 percent to $4,405.47 per ounce.
US gold futures also lost 0.5 percent, falling to $4,452.20.
Markets Focus on Inflation Data
Investors' attention is focused on this week's critical inflation data, which will shed light on the course of the US Federal Reserve's monetary policy.
Current Gold Selling Prices
According to current data from Monday morning, gram gold traded at 6,864.98 TL, quarter gold at 11,201 TL, and half gold at 22,376 TL.
Full gold stood at 44,722.37 TL, Republic gold at 44,602 TL, gremse gold at 112,148.88 TL, and spot gold at $4,403.39 per ounce.
Latest Status in Other Precious Metals
Along with the decline in gold, other precious metals also started the week with losses in value.
Spot silver fell 0.2 percent to $66.03 per ounce, while platinum decreased 0.8 percent to $1,805.53. Palladium lost 0.7 percent, dropping to $1,396.08.