Gold Prices Catch Investor Attention: How Much is Gram and Quarter Gold Today?
Gold prices are closely watched by investors today. Here are the current details on gram and quarter gold prices:
The price of gram gold started the day with gains and is currently trading around ₺2,613. Quarter gold is being sold at ₺4,289, while the Republic gold coin is trading around ₺17,824.
On the global markets, after hitting a record high of $2,483.72 yesterday, the price of gold ounce has slightly declined and is currently trading at $2,459. According to the Federal Reserve’s “Beige Book” report, economic activity continues to grow at a modest pace. Fed officials indicate they will take steps towards an interest rate cut, which is positively affecting gold prices.
John Williams, President of the New York Fed, mentioned signs of cooling in the labor market conditions and the recent decline in inflation data, which he believes brings the Fed closer to achieving its desired disinflationary trend. These developments are supporting upward movements in gold prices, while volatility in bond markets remains limited. Analysts emphasize monitoring $2,500 as resistance and $2,400 to $2,350 as support levels for gold ounce prices.
Today, significant data releases such as the European Central Bank’s interest rate decision will be closely watched for their impact on gold prices. Stay tuned for the latest developments in the gold markets.
Source: NTV / Prepared by Irem Yildiz