Latest Gold Prices: How Much is Gold Worth? (June 3, 2024)

What Are the Gold Prices Today? How Much is a Gram of Gold?

Investors are keenly interested in gold prices, with inquiries about the current rates for both gram and quarter gold. So, how much are gold prices today? What are the prices for gram and quarter gold on June 3? Let’s delve into the latest updates on gold prices…

Gold prices exhibited a volatile trend on the first trading day of the week.

The price of an ounce of gold is trading around $2,342, marking a 0.69% increase.

Both gram and quarter gold prices were influenced by both the price of an ounce of gold and the USD/TRY exchange rate.

Gram gold hovered around ₺2,427, while quarter gold changed hands at the level of ₺3,950.

Gold investors shifted their focus to the new week following data indicating stable inflation last week.

Expectations of interest rate cuts by the US Federal Reserve (Fed) have been increasing, and data from the US will be closely monitored in the new week.

It is predicted that Europe and Canada will also cut interest rates this week. It is highly anticipated that the European Central Bank (ECB) will cut its policy rate by 25 basis points to 3.75%.

If this step is taken, the ECB will have cut interest rates before the Fed for the first time in history.

This week in the US, data on the service and manufacturing sectors, as well as non-farm employment figures, will be released.

Source: NTV / Prepared by Irem Yildiz

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