After the inflation figures, which were announced yesterday and reached a record-breaking 70%, the markets started the new day with an active course.
The other day, the FED announced its decision to increase interest rates. Yesterday, TURKSTAT announced April 2022 inflation data. These data determine the direction of the markets.
At 10:00 on the last trading day of the week, an ounce of gold was traded at 1874 dollars.
On May 6, when the clocks showed 10:00, gram gold was traded at 897 liras.
At the same time of the day, the quarter gold purchase price was traded at 1474 lira and the selling price at 1493 lira.
What’s the Latest Situation in Dollar and Euro Prices?
FED increased the policy rate by 50 basis points to 0.75%-1% range. In CPI (2003=100) in April 2022, 7.25% compared to the previous month, 31.71% compared to December of the previous year, 69.97% according to the same month of the previous year and 34% according to the twelve-month averages. There was an increase of .46.
The dollar rate was traded at 14.88 lira at 10:00 am on the last trading day of the week.
Euro was around 15.64 lira at the same time.
