Gold Rose 3.7 Percent In April

Gold, which closed the first quarter of 2021 with a loss, gained 3.7 percent in April.

Gold rose 3.7 percent in April. Precious metal gained 3.7 percent in April after completing the first three months of 2021 with a decline. Gram gold, on the other hand, followed a relatively stagnant course in April, after completing March with an increase of almost 10 percent supported by the increase in the USD/TL exchange rate. Gold prices are trading at a level close to the high of the new week, with the withdrawal of US Treasury bonds and the rapid increase in the number of coronavirus cases. Gram gold fluctuates in a narrow price range. Despite the widespread use of vaccination studies, the number of coronavirus cases worldwide has reached over 5.2 million. With the increasing number of cases, expectations that the epidemic would end soon decreased, while economic growth and recovery were at risk. While the US Treasury bond interest and the dollar weakened, looking at Bloomberg's quarterly monetary policy analysis, the FED, the European Central Bank and the Bank of Japan are among the 16 banks that are expected to keep interest rates constant in 2021. The 10-year US Treasury bond interest rate declined close to 20 base points from its March peak, which also supported the rise in gold prices. Interest rates, which rose to 1.75 percent in March, decreased to 1.61 percent in April. The Bloomberg Dollar Spot index, which measures the performance of the US dollar against ten leading global currencies, is almost 2 percent below its highest level in March.

Ounce Gold

Ounce of gold closed the last week with an increase of 1.8 percent and closed the second consecutive week with gain. Completing the first quarter of 2021 with a poor performance, ounce of gold is preparing to close its first lucrative month in 2021, earning 3.7 percent in April. The ounce of gold, which started the week at $ 1,775, fell to $ 1,770 with a rapid withdrawal after rising to $ 1,790. Ounce of gold, which is at the highest levels in the last 7 weeks, is traded at $ 1,772 on Tuesday.

Gram Gold

Gram gold, which completed the first two months of 2021 with a loss with the decrease in global gold prices and the USD/TL exchange rate, followed the strengthening in the USD/TL rate despite the decrease in global gold prices in March, and completed the month with an increase of nearly 10 percent. Gram gold, which gained value by 1.8 percent in April, is fluctuating in the price range of 460-464 TL this week.

Silver

Silver increased by 7 percent in April due to the support of $ 23.70. Silver price is also forcing above $ 26 in today's transactions. It is expected that purchases will continue to the level of $ 28, if the decreases in the price remain at $ 24.80.