Gold prices break record | Gold News

The negative monthly inflation in the US and the annual inflation rate of 3% have excited gold prices. The strong data that the US Federal Reserve has been waiting for to cut interest rates has started to arrive.

Gold prices have reached historical highs. Gold began to strengthen with the inflation data announced in the US yesterday.
Inflation in the US was -0.1 percent monthly. It was also announced as 3 percent on an annual basis. The target for inflation, which is one of the important data that the Fed expects for interest rate cuts, is 2 percent.

In light of these developments, gold prices gained strength. The expectation that interest rates would fall in the US increased the demand for gold.

The ounce of gold started the day at $2415. The lowest level during the day was $2406 and the highest level was $2416. It is currently traded at $2409.

SAW THE HISTORICAL SUMMIT

Gram gold started the day at 2549 lira. The lowest level during the day was 2548 lira and the highest level was 2561 lira. 2561 lira was recorded as a historical high level. It is currently being bought at 2553 lira.

In the Grand Bazaar, gram gold is bought for 2,546 liras and sold for 2,567 liras.