The Three-Day Decline Is over! Gold Is on the Rise Again.
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Gold, which started the day with buying interest, is trading at 6,962 Turkish Lira per gram as of 09:40. Quarter gold is selling for 11,356 Turkish Lira and Republic gold for 45,215 Turkish Lira.
Gold prices started the last day of the week with gains. Markets are now focused on the US employment data due at 3:30 PM. So what do experts say about the future direction of gold?
Gold is holding steady around $4,480 after Thursday's jump of over 2%, with the price per gram hovering around 6,900 Turkish lira. All eyes in the market are now on the US employment data, which could reshape expectations regarding the Fed.
Gold prices continue to rise, driven by the decline in the dollar and US bond yields. Market focus is on the Fed's September interest rate decision and the non-farm payrolls data, which will shape expectations for rate cuts. The price of gold is at $4,436 per ounce.
Gold prices continued their upward trend, supported by a decline in the dollar and US Treasury yields, while market attention turned to the Fed's interest rate decision in September. Investors are closely watching the non-farm payrolls data, which will guide expectations of an interest rate cut. The price of gold is trading at $4,436 per ounce.
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