Haberler: Understanding Today's Quarter, Gram, and Half Gold Prices

Current Trends in Gold Prices

Gold prices have surged recently, showcasing new records. As of this morning, spot gold has reached $2,505 with a marginal increase. Following this, gold prices continued to rise, hitting an all-time high of $2,523.17 before stabilizing around $2,521.16. The focus remains on the upcoming announcements from the Federal Reserve which are critically impacting market expectations.

Market Influences

• U.S. Inflation Concerns: Ongoing inflation is affecting market stability.
• Fed's Upcoming Decisions: Investors are attentive to signals from the Fed regarding future monetary policies.

Record-Breaking Gram Gold Prices

The price of gram gold has made an impressive climb to 2,744 Lira, setting a historical high. Currently, it stands at 2,740 Lira, marking a 0.88% increase. The previous day saw fluctuations with the price dropping to 2,695 Lira before buyers stepped in, pushing it back up.

Technical Insights

According to market strategist Yeap Jun Rong, the stability seen in Asian trading hours highlights a pivotal point of growth in gold prices, hinting at potential movements towards $2,665. Overall, gold has increased by 22% since the start of the year.