Domestic Gold Prices Broke A New Record!

Domestic gold prices broke a new record! Gram gold has reached the limit of 520 TL.

Despite the rising inflation in the USA, the FED's calm stance and evaluations of inflation, which it sees as a temporary increase, dropped the US dollar in global markets, while the bond interest fell to the lowest level in recent weeks. Supported by the dovish attitude of the FED against inflation concerns and the increase in commodity prices, an ounce of gold rose to $ 1,910 today, recording the highest level after January 8 The price, which declined after the record in August as a result of the US elections, the availability of the vaccine and the risk appetite created by the expansionist policies, continues to be traded above $ 1,900 after reaching the highest level of the last 4 months today. Despite the declining US dollar in the global markets, with the effect of the USD/TL exchange rate and the pricing of ounce of gold, which is on the rise in the domestic market, gram gold, which is trading at 520 TL, recorded its highest level. Gram gold rose 10 percent this month, surpassing the March movement on a monthly basis, making it the best performance of the last period. It was stated that the levels of 525 TL and 540 TL can be followed as resistance in gram gold above 500 TL.