Gold Continues to Decline On A Weekly Basis

Gold continues to decline on a weekly basis. Silver, on the other hand, returns it’s earns from the Reddit boom.

Gold, which fell more than 2 percent this week, fell below the level of $ 1,800 per ounce. Gram of gold saw lowest levels of the last 6 months. Precious metal gold stands at its lowest level in 9 weeks as a result of the strengthening of the US dollar, the increasing yield of US Treasury bonds and the recovery in employment figures. On the other hand, gram gold is progressing at the lowest level of 6 months in parallel with the decrease in the USD/TL exchange rate. Silver, on the other hand, returned almost all of the income earned at the beginning of the week. In addition to the vertical movement of gold, which falls below $ 1,800 per ounce, its 50-day average stands very close to its 200-day average. Analysts say this move, which they call "the crossroads of death", could cause further losses.   Ounce Gold Gold, which has depreciated since the beginning of the year, lost more than 5 percent and fell behind $ 1,800 from $ 1,900 per ounce. Today, an ounce of gold, which has vertical movement of 0.26 percent at 08:42 am, may find buyers at around $ 1,798.36, completing the week with a loss of 2.65 percent.   Gram Gold Due to the decrease in the USD/TL exchange rate, gram gold fell below 420 TL for the first time after July. Gram gold, which lost 1.7 percent value on Thursday, is now valued around 412 TL with 0.3 percent vertical movement.   Silver Silver prices refunded their earnings as the CME Group raised forward margins, causing investors to place more deposits. Silver, which lost more than 1.5 percent on Thursday, is trading at $ 26.48 per ounce today, up 0.5 percent.