Gold Investors Focused On Inflation Debates

While gold has a flat course with its investors focusing on inflation discussions, gram gold follows the movements in global gold prices.

Gold investors focused on inflation debates. While the recovery in the US economy continues, gold prices lie flat with investors turning their attention to inflation debates. Gram gold, on the other hand, follows the horizontal course in global gold prices. According to statements made by Fed officials, it seems unlikely that inflation in the US will get out of control despite the huge government spending. The 5-year coverage rate, which is an indicator of inflation expectations, climbed to its highest level since 2008 with the increase in commodity prices.

Ounce Gold

The precious metal experienced its first monthly hike with the decline in interest rates and the weakening of the US dollar in April, after closing the first quarter of the year with losses due to rising bond yields and the strengthening of the US dollar. The ounce of gold, which started the week at $ 1,770, followed a narrow price range after rising to $ 1,800.

Gram Gold

Gram gold, which dropped to 405 TL in March, followed the rising USD/TL exchange rate after the change in the CBRT, and started April at 450 TL. Gram gold, which tests the highest level of 2021 with 482 TL, is following a calm course in the range of 470-480 TL this week.