The latest situation in gold prices: How much were the prices of republic gold, small gold and gram gold? (June 6, 2022)
On the last day of the process, the gram price of gold, which lost its price in parallel with the decrease in the ounce price of gold, closed the day with a decrease of 1.2 percent at 977 liras.
The gram price of gold sees the process at 987.9 liras, with an increase of 1.1 percent compared to the previous closing, with the prestige of 10:45, after the new week started with a rise. In one-on-one minutes, quarter gold is sold for 1,620 liras, and Republic gold for 6,619 liras.
On Friday, after the non-farm employment data in the USA exceeded the expectations, the ounce price of gold, which lost 1 percent due to the increase in the expectations of the US Federal Reserve’s (Fed) interest rate hikes, is currently trading at $1,853, 0.1 percent above the previous closing.
VOLTAGE INCREASED IN ONS GOLD PRICE
Analysts stated that inflation fluctuations continue to have an impact on the direction of commodity markets, and noted that volatility in the ounce price of gold increased after the latest macroeconomic information announced in the USA calmed the recession fluctuations and China took the new type of coronavirus epidemic under control to a large extent.
Stating that investors are focusing on the US inflation data to be announced on Friday this week and the European Central Bank (ECB) meeting to be held on Thursday, the analysts said that the information agenda abroad is calm today, while the real effective exchange rate information will be followed in the country.
Analysts reported that from a technical point of view, $1,830 an ounce of gold stands out as the mainstay and $1,890 as resistance.