The gram price of gold is trading at 383.6 pounds after the day starts with a decrease. In the same minutes, 634 pounds of gold per quarter and Republic gold is sold for 2.578 liras.
Yesterday, gram gold, which lost value in line with the drop in the ounce price of gold, completed the day by 0.3 percent compared to the previous closing, from 383.9 lira.
The gram price of gold, which started the new day with a depreciation, is at the level of 383.6 lira at 0.1 percent below the previous closing as of 12.00. In the same minutes, 634 pounds of gold per quarter and Republic gold is sold for 2.578 liras.
On the other hand, the price of ounce of gold is $ 1.706, down 0.2 percent compared to the previous close.
CLICK FOR INSTANT SITUATION IN GOLD PRICES …
Analysts said that the increase in the number of cases in the new type of coronavirus (Kovid-19) outbreak has lost momentum and countries' expectations to start loosening the restrictions have increased risk appetite, which has put pressure on gold prices.
Pointing out that the expansionary steps of the central banks of developed countries limited the decline in gold prices, analysts noted that the decisions of the US Central Bank (Fed) and the European Central Bank (ECB) tomorrow may affect the gold prices.
It is estimated that the Fed will not change interest rates, while the ECB will increase its asset purchase program.
Analysts stated that the data to be announced, especially growth in the USA, will be followed today, and technically, there is a significant resistance in the ounce price of gold, and 370-390 pounds band will be monitored under grams.