Stay Updated on Current Gold Prices and Market Trends
Investors are keenly interested in the price of gold today, particularly the rates for gram and quarter gold. So, what are the current gold prices? How much is gram gold and quarter gold today? Here are the gold prices as of June 20…
Gold prices continued their upward trend following data indicating price pressures in the US and weakening in the labor market.
Gold reached $2,341 per ounce, marking its highest level in two weeks with a 0.59% increase.
Both gram and quarter gold prices were influenced by changes in both the price of gold per ounce and the USD/TRY exchange rate.
Gram gold traded around 2,452 Turkish Liras, while quarter gold changed hands at ₺3,969.
CENTRAL BANK INTEREST RATE DECISIONS TO BE WATCHED
Investors will also be closely monitoring the interest rate decisions of the central banks of England, Switzerland, and Norway today.
The Bank of England (BoE) is expected to keep its rates unchanged.
Inflation figures released yesterday in the UK hit the central bank’s target of 2% for the first time in nearly three years in May. However, ongoing price pressures suggest that no rate cut is expected ahead of next month’s elections.
Markets are pricing in a 43 basis point interest rate cut by the Bank of England (BoE) later this year.
Most economists expect the central bank to start cutting rates in August, with markets predicting the first cut to come in September or November.
Additionally, the Norwegian central bank is expected to keep its policy rate steady, while the Swiss National Bank is anticipated to cut its policy rate by 25 basis points for the second time in a row.
Source: NTV / Prepared by Irem Yildiz