Value of Gold and Silver Increased

Value of gold and silver rose with expectations for Joe Biden's stimulus package.

Value of gold and silver increased. Gold prices soared, following a two-month low, in anticipation of investors' huge stimulus package in the US. Gram gold, on the other hand, gained value with the rise in global gold prices and the USD/TL exchange rate that has remained flat since the beginning of the week. Silver, on the other hand, has increased by more than 2 percent since Monday. Gold prices have been moving towards their biggest rally since January 5th, after the US President Joe Biden published the draft legislation on the $ 1.9 trillion coronavirus support package. Ounce of gold has recovered and climbed to $ 1,840, after hitting the lowest levels in two months in recent weeks, with the dollar and US Treasury bond interest rates. Silver started this week with a rise after following a calm course for a while after the Reddit boom. Gram gold, on the other hand, gained more than 1.5 percent in 2 days with the rise in global gold prices and a flat course in USD/TL.   Oanda Senior Market Analyst Edward Moya said: “With the huge stimulus package of 1.9 trillion dollars of Gold Biden, it started to rally from the lowest of the last two months. The economic recovery is weak and expectations for further assistance are growing.”   Ounce Gold Gold prices gain 0.42 percent at 08:38 BST, with expectations for Joe Biden's support package, following a course of around $ 1,838 per ounce. Ounce gold has been at 1.34 percent since Monday.   Gram Gold Gram gold, after experiencing a sharp withdrawal from 430 to 410 TL last week, is trading at 417 TL, gaining 0.6 percent in gold prices and a flat course in USD/TL.   Silver Silver started this week with gains, after a fluctuating course with the Reddit rush last week. Silver is at $ 27.42 an ounce with a 0.6 percent gain on Tuesday.