Fluctuating Course in the Gold Market: Gram Gold is Trading at 4,847 TL

ANKARA - Gold prices made a volatile start to the new week due to expectations about the US Federal Reserve (Fed) interest rate decision and the strengthening of the dollar. Gram gold finds buyers at 4 thousand 847 liras on the first trading day of the week.

Gram and Ounce Gold

Starting the first trading day of the week at 4 thousand 840 lira, gram gold saw the lowest 4 thousand 820 lira and the highest 4 thousand 850 lira levels during the day. Gram gold, which is currently traded at 4 thousand 847 liras, is under the close scrutiny of investors.

Ounce gold in international markets opened at 3 thousand 645 dollars in the morning hours. Ounce of gold, which fluctuated between 3 thousand 626 dollars and 3 thousand 646 dollars during the day, is currently at 3 thousand 644 dollars.

Fed Decision in Focus

Market experts state that the Fed meeting to be held this week is critical for the future of gold prices. The Fed's messages regarding the interest rate decision and the course of the dollar in global markets are among the main factors that will be closely monitored by investors. Experts state that a possible interest rate hike or hawkish statements by the Fed may put downward pressure on gold prices, otherwise, a recovery in gold prices may be seen.