Markets

Waiting for Fed Minutes Under

Gold is at the $1,800 border as investors weigh inflation before the minutes of the Fed meeting in June are released. Gram gold climbed above 500 TL.

(mtag101702)

The Fed will release the minutes of its meeting on Wednesday, June 15-16. Thus, the market will look for clues as to whether there will be an earlier-than-expected rate hike in the minutes.

(mtag101702)

(mtag101702)

Gold investors, on the other hand, seem to have focused on the inflation outlook and the risks posed by the delta variant of the coronavirus before the minutes are released.

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Oversea Chinese-Banking Corp Economist Howie Lee said after the sharp fall in June.

under , stating that this rise is a technical recovery, said, “Gold seems to not want to exceed $ 1,800, but if there is a random deterioration in economic information, this will accelerate the rise of gold.”

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Ounce gold price

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Gold, which fell to $1.52 an ounce last week, falling to a two-month low before employment information, rose again as employment information exceeded expectations and worries about inflation increased.

(mtag101702)

The ounce of gold, which closed the month of June with a decrease of more than 7 percent at around $ 1,755, climbed to $ 1,799 with a gradual rise since the beginning of July.

(mtag101702)

(mtag101702)

Gold price per gram

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Gram gold, which recorded a steady rise by following the rise in global gold prices and Dollar / TL in April and May, reached 527 TL at the beginning of June and hit the top of this year. Following the decline in global gold prices, gram gold has been in a narrow price range since mid-June.

(mtag101702)

(mtag101702)

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