Gram Gold Broke All-Time Record

Global markets in China and the outbreak of Coronavirus outbreak due to increased risk perception of gold gram price 324 lira to an all-time high, while the price of gold ounce 1,637 dollars to the top of the last 7 years has been.

The upward trend in gold prices, which are considered safe havens by investors, the Coronavirus outbreak and geopolitical risks that increase the perception of risk are considered the main causes. The Coronavirus outbreak in China before the New Year holiday is a risk factor driving investors to safe havens because of its negative effects on the global economy, analysts said. While the price of gold has moved with limited rises since the onset of concerns about coronavirus, the increase in death cases in different countries due to the outbreak has led to an acceleration of the rise in risk perception.

Gram Gold Breaks All - Time Record

The recent decline in interest rates and relatively rising regional risks in Turkey have led to a similar trend in investors, analysts said, noting that the Dove stance of the major central banks and expectations that interest rate cuts will continue in 2020 have supported gold prices. Analysts, the recent decline in interest rates in Turkey and relatively rising regional risks in investors bendünya Gold Council (WGC) last month published a report on developments in gold-based investment funds, the amount of gold in global gold funds rose to the highest level in history with nearly 3 thousand tons, the market value of 150 billion dollars more than announced.he said the continued dove stance of major central banks and expectations that interest rate cuts would continue in 2020 had supported gold prices.