While the data from the US Fed shows that the rate of increase in interest rates will slow down, how is the gold and dollar price on November 24, 2022?
The global economy, between recession and inflation, affects the status of commodities and fiat currencies. Finally, the US Fed minutes drew attention. Citing that there may be a recession, Fed officials think that the pace of interest rate increases should slow down. In addition, the authorities agreed that the rate of increase in inflation started to decrease. As a reflection of all these processes, the price activity of gold and dollar is curious.
What Is The Gold Price?
Gold prices at 10:00 on the fourth trading day of the week:
An ounce of gold is spending the day at $1,753.
Gram gold spends the day at the level of 1.049 TL.
Quarter gold is traded at 1,734 TL.
What About the Dollar Price?
At 10:00 on the fourth trading day of the week, the dollar rate is at the level of 18.61 TL.
Euro is traded at 19.44 TL in the morning hours.
