The gram price of gold, which gained value in parallel with the ounce price, is traded at 2 thousand 438 liras as of 9.30.
Current gold prices are as follows:
• Quarter gold: 4 thousand 91 TL
• Half gold: 8 thousand 207 TL
• Republic gold: 16 thousand 313 TL
Analysts stated that the data announced yesterday in the USA fell short of predictions and gave weak signals regarding economic activity, increasing the expectation that the US Federal Reserve (Fed) may start reducing interest rates within the year.
Analysts stated that it is certain in the money markets that the Fed will keep the policy rate constant in May, and that the probability of the Bank starting to reduce interest rates in June is priced at 15 percent, the probability of starting in July is 44 percent, and the probability of starting in September is 69 percent.
Analysts stated that today, capacity utilization rate, real sector confidence index, short-term external debt statistics and housing price index will be followed in the country, while abroad, the Ifo business confidence index in Germany and durable goods orders data in the USA will be followed, and from a technical perspective, He noted that in the ounce price of gold, the levels of 2 thousand 300 and 2 thousand 250 dollars are support, and the levels of 2 thousand 350 and 2 thousand 370 dollars are resistance.
