Gram of Gold Recovers After Sharp Fall

Gram of Gold Recovers After Sharp Fall Gram of gold recovers after sharp fall. The gram price of gold started trading at 458.3 lira after starting Thursday with a decline. Despite the increase in the dollar exchange rate yesterday, the gram gold, which lost value in line with the decrease in the price of ounce gold, closed the day at 461.5 liras with a 1.5 percent decrease compared to the previous close. Gram gold is trading at 458.3 liras, 0.7 percent below the previous closing as of 10.30, after the new day started with a sharp decline. In the same minutes, quarter gold is sold at the level of 752 liras and Republic gold at the level of 3.071. While the price of ounce gold continues to lose value on the 4th trading day, it is trading at $ 1,854 with a 0.5 percent decline in the following minutes. Analysts, who made evaluations on the issue, stated that the Purchasing Managers Index (PMI) data announced around the world gave the message that the economic recovery was losing momentum, and the increasing coronavirus cases also brought the measures back to the agenda. Pointing out that the tension between the USA and China has remained on the agenda with these developments, analysts stated that all these developments suppress gold prices due to the strengthening of the dollar. Analysts also Central Bank of the Republic of Turkey in the country today (CBRT) to explain the rate decision, while abroad, stating that the European and US data intensive agenda, from a technical point of gold's ons price under $ 1,850 will be pursued in support of the dollar 1,835 if the thick, 1,900 dollars announced that he came to the position of resistance.