In the light of the activity in the global markets, what is the latest situation in gold and dollar on the last trading day of the week?
The Central Bank of the Republic of Turkey (CBRT) increased the policy rate above expectations. While the markets expected the interest rate to rise to 20 percent, the CBRT’s move was to increase it to 25 percent. With this move, it was seen that the TL appreciated in the markets and the dollar and gold depreciated. The CBRT continues its economic studies in order to clearly overcome inflation and make the TL stronger. The moves of the CBRT also led to activity in the markets.
A similar tightening continues on the US side. While the USA is preparing for the upcoming 2024 elections, on the other hand, it is working hard to complete the inflation process. The monetary tightening process in the USA and Turkey also directly affects the markets.
On the other hand, Bitcoin’s activity at the level of 26 thousand dollars continues. On the Borsa Istanbul side, uncertainty prevails with the latest interest rate decision.
In the light of all these processes, what is the latest situation in gold and dollars on the last trading day of the week?
What is the latest situation in gold price?
Coming to the last trading day of the week, Gold prices are as follows;
ounce of gold,He spends the day with 1,913 USD.
grams of goldcontinues its activity with 1.614 TL.
Quarter goldIt is also traded at 2,807 TL.
How about the dollar and euro price?
On the last trading day of the week , dollar and euro exchange rates are as follows;
Maintaining strong momentum The dollar rate is around 26.32 TL.
On the other hand euro, at the level of 28.45 TLis being traded.
