Quarter Gold Prices Today: Current Rates as of May 14, 2024

What are the quarter gold price rates today? Current quarterly gold exchange rate prices as of May 14, 2024.

Latest situation in quarter gold coin prices…

A gram of gold is traded at ₺2 thousand 443 after starting the day with a horizontal course.

Quarter gold is sold for ₺3 thousand 976, and Republic gold coin is sold for ₺16 thousand 10.

The ounce price of gold is currently at $2 thousand 351 with a 0.1% premium.

While uncertainties regarding the future policies of the US Federal Reserve (Fed) continue to make pricing difficult in global markets, today all eyes are on Fed Chairman Jerome Powell’s verbal guidance.

While the signals to be received from the inflation data to be announced in the US economy as of today are expected to increase volatility in the markets, the results of the Consumer Expectations Survey for April published by the New York Fed yesterday increased concerns.

Fed Vice Chairman Philip Jefferson said interest rates should be kept at current “restrictive” levels until we see clear progress in reducing inflation.

Stating that the Consumer Price Index data will be followed tomorrow, analysts noted that the question marks regarding the Fed’s next period road map may decrease after these data.

While pricing in the money markets predicts that there is an 89% probability that the Fed will cut interest rates this year, September continues to stand out for a possible interest rate cut.

Analysts stated that the ZEW economic confidence index data will be followed in the Euro Zone today, and that from a technical perspective, the levels of $2 thousand 330 and $2 thousand 300 in the ounce price of gold are in the position of support, and the levels of $2 thousand 400 and $2 thousand 450 are in the position of resistance.

Source: NTV / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button