Will Gold rise or fall? Gold prices are falling

Gold prices started the new week with a decline. While the dollar fell sharply after the decisions taken by the BRSA, this also affected the gold price. While the gold price started the day 0.6 percent below its previous close, analysts think that gold prices will continue to decline with the decline in foreign exchange.

Gold price continues to be the center of attention of investors. While the dollar fell sharply after the BRSA's regulation on commercial loans, it saw the lowest level of the last month this morning. The fall in the dollar also had an impact on gold prices. Gram gold price started the week 0.6 percent below its previous close and was 986.4 turkish lira. After the decline in gold prices, quarter gold, one of the popular gold units, became 1615 turkish lira and republic gold became 6600 lira. While the ounce price of gold was traded at $1836, 0.5 percent above its closing, the depreciation of the dollar against the TL brought a decline in the price of gold. Gold comments from analysts Analysts said that the US announcement of the embargo decision on Russian gold supported the ounce gold price. While the ounce gold price is expected to rise after this move, the losses in the dollar after the BRSA decision in the country lowered the gold price. Analysts said that the verbal guidance of CBRT officials will be effective on the course of commodity prices.

Will gold rise or fall? How did gold prices start the week?

Gold prices are closely followed by investors. The gram gold price, which lost value at the closing of last week, started the new week with a horizontal course. Analysts stated that the statements to be made by the officials of important central banks in the gold commentary will draw a road map for investors. While gold prices moved from a downward trend on the last day of last week, in parallel with the decline in the ounce gold price, it completed the day with a decline and ended the week at 1,024.7 Turkish liras. At the opening of this week, the gold price, which is traded in a horizontal trend, is traded at 1,024.8 liras just above its closing. In addition to the gram gold price, quarter gold, one of the popular gold units, is sold at 1,681 Turkish liras and Republican gold is sold at 6,866 Turkish liras. Ounce gold is on a horizontal course The ounce of gold price, which completed last week with a decrease, completed the week with a 0.9 percent loss in value. Today, ounce gold is trading at $1,951.7, 0.1 percent above its closing. Gold comments from analysts While gold investors are waiting for analysts' comments before gold trading, analysts stated that uncertainties about the path that major central banks will follow in their monetary policies have increased volatility in the markets. The statements to be made by monetary policy officials this week are expected to have an impact on the decisions to be taken by investors.