Gold Investors Focused on FED Meeting

Gold investors focused on the FED meeting. The FED meeting will be held on Wednesday.

Gold started the new week horizontally before the FED (US Federal Reserve) meeting to be held on Wednesday. Gram gold, on the other hand, found support from both the rise in USD/TL exchange rate and the rise in global gold prices towards the closing last week and started the new week at around 420 TL. US Treasury Secretary Janet Yellen stated that at a time when the Biden administration provided $ 1.9 trillion pandemic assistance to the economy, the inflation risks of the USA were manageable, and the return to full employment was on the horizon. "Is there a risk of inflation?", Yellen said the following on the subject; "There is a small risk and I think this risk can be managed." Yellen noted that with the spread of the coronavirus epidemic to the USA, some prices recovered, but this was a temporary price movement.   Prices on Ounce of Gold Gold, which has suffered losses for the last 3 weeks in a row, closed last week with a value gain of 1.55 and showed the best weekly performance of 2021. However, based on March, gold still does not seem to enter the earning zone. Ounce gold, which fell to the level of $ 1.680 last week, started the new week at around $ 1.726 per ounce with a horizontal motion.   Prices on Gram of Gold Last week, the price of gram gold decreased to around 414 TL in parallel with the decrease in the USD/TL rate and the decrease in US Treasury bond interest rates. Gram gold completed the week horizontally, with bond yields and global gold prices rising once again. Gold, which started the new week horizontally, is being traded around 420 TL.