Gold prices continue to fluctuate due to tensions between the US, Israel and Iran. Gold grams traded at 6 thousand 660 liras after starting the day with a decrease.
Gold grams, which lost value yesterday in parallel with the decline in ounce prices, ended the day at 6 thousand 666.5 liras, 0.6% lower than the previous closing price. Today, gram gold, started the day with a decline, leading to investors' worries after US President Trump's statements regarding Iran. So what is the price of gold today?
WHAT IS THE PRICE OF GOLD?
Gram gold, which started the day negatively, was at 6 thousand 660 lira at 09.40, 0.1% lower than the previous close. As of the same minute, precious gold was sold for 11 thousand 250 liras and Republican gold was sold for 46 thousand 150 liras.
One ounce of gold is trading at 4,645 USD, 0.1% lower than the previous close.
NEGATIVE IMPACT ON GOLD CONTINUES
The prolongation of the US/Israel and Iran wars and the decline in oil supply increase inflationary pressures and limit the scope for loosening monetary policy by central banks, especially the US Federal Reserve (Fed). This situation has a negative impact on gold prices.
It is estimated that if energy prices continue to rise, discussions about increasing interest rates may even take place.
Investor interest in gold, seen as a safe haven from geopolitical and inflation risks, declines in a high interest rate environment because it does not provide interest income.
