Gram of Gold Sets Record In New the Week
Gram of gold sets a record in the new week. While the dollar/TL exchange rate saw the highest level in its history, gram gold also saw its peak on the first trading day of the week. On the other hand, the prices of ounce of gold increased in global markets due to the uncertainty of investors before the US elections.
Parallel to the decline in the currencies of developing countries, while the Turkish Lira depreciated against the dollar, gram gold also saw the highest levels in its history.
Before the US elections, which will take place tomorrow in global markets, an increase in
gold was experienced as the environment of uncertainty supported safe harbor purchases.
The gram price of gold rose to TL 512, according to the calculation made on an ounce of gold and the dollar/TL exchange rate. In the morning hours, quarter gold was traded for 833 TL and Cumhuriyet gold at 3 thousand 400 TL.
Although gold prices fell after the peak in August, the positions in the gold bullion-backed exchange traded funds are still near the highest in their history as investors turn their attention to the
US elections which will be held tomorrow.