The markets, which believe that the Fed has increased interest rates for the last time, increased the demand for gold. An ounce of gold rose to 2041 dollars, and a gram of gold to 1302 liras. The fact that an ounce of gold broke the resistance of $ 2070 increased the possibility of a rise in the coming days.
Gold prices have reached historic highs. After the US Federal Reserve increased interest rates by 25 basis points, the markets are trying to conclude that the rate hike cycle is over, despite the announcements regarding the interest rate cycle that the rate hike will continue.
The American economy, which is trying to face the problem of world inflation, seeks the solution in raising interest rates. The expectation that the last rate hike will take place with the Fed's rate hike supported gold.
In the coming period, the expectation was that the Fed would keep the interest rates stable for a while and then cut the interest rates according to the data to come.
Gold prices broke records as a result of this development. Gold rose to $2078 an ounce. An ounce of gold started the day at 2038 dollars. During the day, it saw a low of $ 2030 and a high of $ 2078. Currently, the price of 1 ounce of gold is trading at $ 2041.
GRAM ALSO BROKEN THE GOLD RECORD
With the rise of gold, gold prices in grams reached a record level. Gold gram started the day at 1275 liras. During the day, the lowest level was 1271 lira and the highest level was 1302 lira. Currently, a gram of gold is traded at 1279 liras.