Following the increased expectations that Donald Trump would win the US presidential election, there was a slight decline in ounce gold. An ounce of gold fell by 0.3 percent to $2,734.25 due to the strengthening US dollar.
Masahiro Ichikawa, strategist at Sumitomo Mitsui DS Asset Management, said that if Trump wins, the yen is expected to continue its downward trend against the dollar, which would potentially offset gains from the Bank of Japan’s expected interest rate hikes.
“Even if the BOJ makes additional interest rate increases, it will not do so quickly,” said Ichikawa, adding that Trump’s expansionary policies will have a greater impact on USD / JPY by slowing down the pace of future Fed interest rate cuts.
Gram gold started the day at 3,024 lira
In the domestic market, gram gold started the day at 3,024 lira, and quarter gold started at 4,944 lira. An ounce of gold fell to $2,734.
Current gold prices are as follows:
* Gram gold sales price: 3.024,1330 TL
* Quarter gold sales price: 4.944,5100 TL
* Half gold sales price: 9.892,93 TL
* Full gold sales price: 20.370,00 TL
* Republic gold sales price: 19.720,6700 TL
* Gremse gold sales price: 50.823,00 TL
* Ounce gold sales price: 2,734.2500 dollars
Source: www.dunya.com
