Gold Prices Today: Gram and Quarter Gold Prices as of July 1, 2024

Current Prices of Quarter Gold and Republic Gold Coins

Quarter gold prices today? July 1, 2024 current quarter gold prices… Latest update on quarter gold prices…

Gold’s gram price started the week with a decline, currently at ₺2,444, down 0.1% from the previous close.

Quarter gold is selling at ₺4,050, while Republic gold coins are priced at ₺16,150.

Meanwhile, the price of gold per ounce is trading at $2,325, down 0.1% from the previous close.

Analysts noted that alongside a busy data agenda this week, statements from major central bank governors have captured investor attention.

While global inflation concerns continue to impact pricing, uncertainties about future actions by the US Federal Reserve (Fed) are prompting cautious investor behavior.

Despite market expectations of two interest rate cuts by the Fed this year, cautious remarks from Fed officials and signals from US macroeconomic data are keeping questions about future Fed policies in focus.

This week, the employment report from the US, especially non-farm payrolls, is expected to shed light on the current state of the labor market, with strong employment seen as complicating the Fed’s inflation fight. The Fed desires unemployment to rise from historically low levels, albeit modestly, and for a tight labor market’s supportive stance on inflation to weaken.

Given these factors, analysts anticipate that this week’s employment report, among others, will significantly influence market direction, alongside insights from Fed Chair Jerome Powell’s forthcoming statements.

Analysts also indicated technical support levels for gold’s ounce price at $2,300 and $2,280, with resistance levels at $2,350 and $2,380.

Source: NTV / Prepared by Irem Yildiz

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