New Record in Gold Prices: Gram Gold Hits 7,271 Liras

Gram gold reached a record 7,271 liras as the new trading week began, while spot gold prices climbed to three-week highs following a US court ruling on tariffs.

New Record in Gold Prices: Gram Gold Hits 7,271 Liras

Gram Gold Reaches New Heights Gram gold started the new week with significant gains, trading at the 7,271 lira level.
During the same period, quarter gold is being sold for 12,408 liras, while Republic gold has reached 49,222 liras.
This domestic activity is being driven by upward momentum in global gold prices.
Impact of Global Markets and Ounce Prices The US Supreme Court's decision to rule "emergency" tariffs implemented by President Donald Trump as unlawful led to a weakening of the dollar in global markets.
Following this development, the price of an ounce of gold tested $5,176.6, its highest level in the last three weeks.
Spot gold has stabilized around $5,160, approximately 1.2% above Friday's close.
Markets Focus on Critical Economic Data Economic analysts note that while the domestic data agenda remains calm, a busy international schedule is being monitored.
Upcoming data on durable goods orders and factory orders in the United States will provide clues regarding economic activity.
Additionally, statements from European Central Bank (ECB) President Christine Lagarde are a primary focus for investors.
From a technical perspective, resistance and support levels for ounce gold are being closely watched.

Sources

Loading...