The latest gold price developments are closely watched by investors on the first trading day of the new month. One gram of gold traded at 6 thousand 722 liras after starting the day with gains. So what is the price of gold today? Below are the buying and selling prices of gram gold, precious gold, half gold and republic gold.
Gold grams, which increased in price in parallel with yesterday's rise in the price of ounces, ended the day at 6 thousand 670 liras, 3.5% higher than the previous close. Today, the latest situation on gram gold, which started the day with a rebound, is the focus of investors. So what is the price of gold today? Below are the buying and selling prices of gram gold, precious gold, half gold and republic gold.
WHAT IS THE PRICE OF GOLD?
Starting the day with gains, grams of gold were at 6 thousand 722 liras at 09:30, 0.8% higher than the previous close. As of the same minute, precious gold was sold for 11 thousand 300 liras and republican gold was sold for 45 thousand 520 liras.
One ounce of gold is trading at 4,700 USD, 0.7% higher than the previous close.
TRUMP'S STATEMENT SUPPORTS GOLD PRICES
Optimism that the war between the US/Israel and Iran may end has an impact on asset price trends. US President Donald Trump yesterday sent the message that the “war with Iran” will not last long.
Following these statements, expectations that inflationary pressures will ease have supported gold prices.
On the other hand, the number of JOLTS vacancies in the United States fell to 6 million 882 thousand in February, still below market expectations. The number of jobs in the US decreased by 498 thousand in the same period to 4 million 849 thousand, recording the lowest level since April 2020. Published data show that risks in the labor market continue and this once again reveals predictions that the US Federal Reserve (Fed) may conduct monetary easing this year and this has a positive impact on gold prices.
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