Gold Started The Week On A Mixed Course

Gold started the week on a mixed course. While domestic markets are focused on inflation data, foreign markets are calm.

Gold started the day vertically as investors focused on economic recovery with the US employment data exceeding expectations. Gram gold started the new week with horizontal movement. US employment data showed the biggest increase in the past 7 months in March, with vaccination increasing and restrictions on businesses decreasing. While non-agricultural employment increased by 916 thousand last month, employment in February was revised to 468 thousand.

Ounce of Gold

Gold, which has been closing with losses for the last two weeks, closed the first quarter of 2021 with a loss and recorded one of the worst New Year performances. Ounce gold, which has lost more than 9 percent value since the beginning of the year, started the week with a 0.24 percent decrease with the signals of economic recovery.

Gram Gold

Having entered a narrow space between global gold prices and USD/TL exchange rate, gram gold fluctuated last week. Gram gold, which resumed its trading levels at the beginning of the year, started the new week with a horizontal movement as a result of the rise in the USD/TL exchange rate and the decrease in global gold prices.