Gold prices started the day with an increase compared to yesterday. Dollar/TL, on the other hand, was above 15.65 yesterday for the first time since 20 December. At the time of writing, the dollar was trading at 15.72 TL.
Dollar/TRY had moved sideways between 14.5-15 until 10 days ago. With the Fed increasing interest rates since March, the dollar strengthened globally. The Fed is currently taking a hawkish stance despite rising inflation. The dollar index crossed 105.005 last Friday, reaching its highest level in 20 years. The dollar index decreased to 104.009 today.
Gold started the day with a rise. At the time of writing, the prices were as follows:
- Gram gold: 921 TL
- Quarter gold: 1528 TL
- Ounce gold: 1826 dollars
- Half gold: 3057 TL
