Gold Market Focused on The US Inflation Data

The gold market focused on the US inflation data and the European Central Bank's monetary policy meeting.

Before the US inflation data to be announced on Thursday, gold prices remained flat, while gram gold followed the course of global gold prices and USD/TL. Investors are also focused on the European Central Bank meeting to be held on Thursday, along with the inflation data. ECB policy makers are not expected to make any changes in ultra-expansionary monetary policy. 10-year U.S. Treasury bond yield was reduced to 1.47 percent on Thursday, closing the day below 1.50 percent for the first time since March, in Wednesday trading. The Bloomberg Dollar Index is at 1.118.

Ounce Gold

Starting the week at $1,891 per ounce, gold continued to fluctuate after climbing up to $1,903 an ounce. The ounce of gold, which gradually lost value in the transactions on Wednesday, is trading at $ 1,884 before the inflation data.

Gram Gold

After starting the week at the level of 526 TL, gram gold was withdrawn to the lowest level of this week, 520 TL, with a gradual decrease. The gram gold, which is traded at a level close to 534 TL, which is an all-time high, will follow the developments to be experienced after the inflation data to be announced on Thursday.