Gold Prices Started the New Week with an Increase: Latest Situation

Current Situation of Gold Prices

On Friday, despite the decrease in the ounce price, gram gold ended the day gaining value at a level of 5,411 lira with a decrease of %0.3. The new week started with a more positive trend. As of 09:40 this morning, gram gold is trading at 5,433 lira, which is %0.4 above the previous closing.

Quarter and Republic Gold Prices

The quarter gold price, closely followed by investors, is trading at 9,243 lira, while the republic gold stands at 36,825 lira. The increase in gold prices is happening during a period where investors are increasingly seeking safe havens in the markets.

Movements in Ounce Gold Prices

Starting the day with an increase, ounce gold has reached a level of 4,016 dollars after a %0.4 rise throughout the day. This volatility is shaped particularly by the strong earnings reported by technology companies and the easing of trade tensions between the US and China.

Analysts' Assessments

Analysts emphasize the impact of uncertainties regarding the US Federal Reserve's (Fed) interest rate cut process on gold prices, while also noting that the removal of tax incentives on retail gold sales in China is a significant factor affecting prices. Technical analyses indicate that the 3,750 dollar level serves as support for ounce gold, while the 4,250 dollar level acts as resistance.

Conclusions and Expectations

The volatility of gold prices in the new week will continue to be shaped by global economic developments and geopolitical factors. Investors need to pay attention to developments in international markets.