Activity continues in the gold and silver market. The course of the dollar in global markets, US bond interest rates and expectations regarding the interest rate policy of the US Federal Reserve (Fed) determine the direction of precious metals.
While gold prices, which faced harsh sales during the week, are trying to recover, an ounce of gold maintains its course above 4 thousand 100 dollars.
In Türkiye, gram gold is traded over 6 thousand 600 liras in the free market, while the sales price of a quarter gold is over 10 thousand 800 liras.
MOBILITY IN SILVER
Silver also accompanied the movement in gold. While ounce silver is traded around 60 dollars, gram silver price is above 95 lira.
It is stated in the markets that new data to be announced, especially regarding the US economy, may change expectations regarding the steps the Fed will take in the coming period.
EYES ON FED AND US DATA
In terms of precious metals, the course of the dollar index and US bond interest rates are closely followed. While the strong dollar and rising bond yields put pressure on gold, strengthening interest rate cut expectations can support precious metals.
