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Despite the negative effect of the decline in the dollar's exchange rate despite yesterday's gains in value, the ounce of gold, with a 0.57% drop from the previous day, has fenced at 205 pounds.
From today, with the decline of gold in grams, 204.4 pounds at the lowest level since August 8th. The price in grams of gold, meanwhile, is estimated at 10:30 compared to the previous closing. At the Grand Bazaar, a quarter of gold is 335 lire and the gold of the Republic is sold at 1,373 lire.
Asian gold markets followed by a positive gold trend in the ensuing minutes, 0.44% from the previous close traded at $ 1.225.6.
"Interest rates remain low compared to historical norms and slightly below levels supposed to be neutral for the economy," said Islam Memis, an AA Finance analyst, last night by the chairman of the Federal Reserve. American, Jerome Powell. recalled that he was using expressions.
Powell said that "the effect of gradual rate hikes is not clear and that it may take a year or more to see them". "Powell's speech reveals that the United States has approached its natural interest rate and that the rise in Fed interest rates could enter a period of pause." We would like to state that we have removed . "found in the evaluation.
Memis said that the price of gold increases after Powell 's speech and that, if it technically broke the $ 1,227 gold, it could reach 1,235 and $ 1,255.
Another important agenda that will be effective for the gold price at the G20 summit, which will begin tomorrow, will be the Memiş Memorandum, especially between the US-China trade war between the media and investors.
Memiş said the exchange rate of the Turkish lira was weakened by the depreciation of the dollar on the domestic market, adding that 202 lire were to be supported and that 207 lire became resilient. SOURCE: AA
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