Fed announced its interest rate decision. Fed Chairman Powell announced that there will be a 50 basis rate hike in the next two meetings. After the expected critical Fed rate decision and the Eid holiday, gold prices started the day with an increase.
At 10:00 on the fourth trading day of the week, an ounce of gold was traded at 1898 dollars.
On May 5, when the clocks showed 10:00, gram gold was traded at 904 liras.
At the same time of the day, the quarter gold purchase price was traded at 1483 lira and the sale price at 1503 lira.
What’s the Latest Situation in Dollar and Euro Prices?
Yesterday, the US Federal Reserve’s interest rate hike decision was announced. The Fed increased its policy rate by 50 basis points in May.
The eyes of the markets will be on the inflation data for April 2022, which will be announced by TURKSTAT today.
The dollar rate was traded at 14.82 liras at 10:00 am on the fourth trading day of the week.
Euro was around 15.72 lira at the same time.
