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How much was the gold price? (May 17, 2022)

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The gram price of gold, which gained value in parallel with the rise in the ounce price and the dollar rate yesterday, closed the day at 912.2 liras with an increase of 1.2 percent.

After starting the new day with a rise, the gram price of gold sees a process from 930 liras with an increase of 2 percent compared to the previous closing with the prestige of 11:00. In one-to-one minutes, quarter gold is sold at 1,527 liras, and Republic gold at 6,230 liras.

After testing $1,787.1, the lowest level of the last 3.5 months, yesterday, the ounce price of gold, which finished the day at $1,824 with an increase of 0.7 percent compared to its previous closing, is currently trading at $1,826.6 with an increase of 0.1.

Analysts stated that developments that strengthen the possibility of recession, while expectations for high inflation continue, increased stagflation concerns in economies, and said that volatility in commodity markets continues with the effect of geopolitical risks and the expectation that the measures of the new type of coronavirus (Covid-19) epidemic in China will be stretched.

Analysts stated that the statements of the US Federal Reserve Leader (Fed) Jerome Powell and the European Central Bank Leader (ECB) Christine Lagarde will be at the center of the markets, and that the growth in the Euro Zone and industrial production and retail sales in the USA are prominent in the data agenda. .

Analysts said that from a technical point of view, $1,800 is in the support position and $1,850 is in the resistance position in the ounce price of gold.

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