How did gold and dollar start the day?

The gram of gold is being traded at 2,712 liras after starting the first trading day of the week with a decline. Last Friday, the gram price of gold, which followed a buying-heavy trend with the support it found from the ounce price of gold and the dollar/TL, closed the day at 2,716 liras, up 2.23 percent compared to its previous close. The gram price of gold, which started the first trading day of the week with a decline as well, is at 2,712 liras as of 09:25, down 0.20 percent compared to its previous close. As of the same minutes, a quarter gold is being sold for 4,492 liras and a republic gold for 17,900 liras.

The ounce price of gold, which saw a record level of $2,509.8 on Friday, completed the week with a 3.2 percent increase at $2,508.1, and is currently traded at $2,502, down 0.20 percent compared to its previous close.

While inflation data released in the US last week indicated that price pressures were easing, the easing of recession concerns had a positive impact on risk appetite. While all eyes are on the Jackson Hole Economic Policy Symposium to be held in the US this week, signals from the verbal guidance of US Federal Reserve (Fed) Chairman Jerome Powell are expected to have an impact on the direction of the markets.

While it is considered certain that the Fed will cut interest rates in September, the fact that pricing regarding the size of the interest rate cut is changing further increases the importance of Powell’s statements. Analysts stated that leading index data will be followed in the US today, and reported that technically, the resistance level in the ounce price of gold is 2,550 and the support level is 2,450 dollars.

DOLLAR STARTED THE DAY WITH A RISE

Dollar/TL is trading at 33.71 after starting the first trading day of the week with an increase. Dollar/TL, which followed a buying-heavy course on Friday, completed the day at 33.6900, up 0.15 percent compared to its previous close. The dollar index is currently at 102.01, 0.33 percent below the previous close.

While inflation data released in the US last week indicated that price pressures were easing, the easing of recession concerns had a positive impact on risk appetite. While all eyes are on the Jackson Hole Economic Policy Symposium to be held in the US this week, signals from the verbal guidance of US Federal Reserve (Fed) Chairman Jerome Powell are expected to have an impact on the direction of the markets.

While it is considered certain that the Fed will cut interest rates in September, the fact that pricing in the size of the interest rate cut is changing further increases the importance of Powell’s statements. Analysts stated that leading index data will be followed in the US today, and noted that technically, the 103 level stands out as resistance and the 102 level stands out as support in the dollar index.