Gram gold is traded at 6 thousand 90 liras after starting the day with a decline.
Gram gold, which gained value in parallel with the increase in the ounce price yesterday, completed the day at 6 thousand 128 liras, with an increase of 1.3 percent from the previous closing.
Gram gold, which started the day with buyers, is traded at 6 thousand 90 lira as of 09.50, with a decrease of 0.5 percent compared to the previous closing. As of the same minutes, quarter gold is sold for 9 thousand 720 liras, and republic gold is sold for 38 thousand 950 liras.
The ounce price of gold is trading at $4,030 today, down 0.6 percent.
News flow regarding the situations in the Middle East continues to have an impact on the direction of asset prices.
There was an increase in the ounce price of gold yesterday, as inflation below expectations in the USA alleviated concerns that the US Federal Reserve (Fed) would increase interest rates. Despite the better-than-expected inflation data, the ongoing tension in the region stands out as the main factor that puts pressure on gold.
While the USA's reinstatement of the naval blockade of Iranian ports and the continuation of mutual attacks in the region keep oil prices at high levels, concerns that energy costs may accelerate inflation again and the Fed may maintain its tight monetary policy for a longer time put pressure on precious metals.
Analysts stated that the markets are closed today in the country due to July 15 Democracy and National Unity Day, and that the US mortgage applications, Producer Price Index (PPI) and Fed Chairman Kevin Warsh's presentation in the Senate will be followed abroad.