After closing four weeks in a row with gains, an ounce of gold, which fell more than 1.5 percent this week to close the week below $ 1,800, fell below $ 1800 on Tuesday as the market focused on the rise in bond yields and the strengthening of the dollar.
On Thursday, the European Central Bank kept the pandemic purchase program at 1.85 trillion euros, giving the message that the purchases under this program will be slow. This move of the European Central Bank was interpreted by economists as the euro will strengthen and gold will find support as asset purchases slow down.
The ounce of gold, which rose to $ 1830 with the employment data announced last week below the expectations, was trading at $ 1801 when it showed 10:57 this morning. Gram gold, on the other hand, is at the level of 489 TL at the same time today, after the strengthening of the dollar and the decline in global gold prices. The purchase price of the quarter gold was 795 TL and the selling price was 807 TL.
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