New record for gold! Fed decision awaited



Expectations that the US Federal Reserve will cut interest rates are bringing new records to gold prices. Ounce and gram gold started the week with a record.

Global markets are focused on the interest rate decision of the US Federal Reserve, which will be announced on Wednesday. While the expectation of a 25 basis point rate cut from the Fed continues, the European Central Bank made its second rate cut.

Gold prices continue to rise in parallel with these developments. Ounce and gram gold have reached historically high levels.

The ounce of gold started the day at $2578. The lowest level during the day was $2577 and the highest level was $2589. It is currently traded at $2586. The record for an ounce of gold was $2589.

Gram gold started the day at 2807 lira. The lowest during the day was 2803 lira and the highest was 2827 lira. It is currently being traded at 2823 lira. Its historical high was 2827 lira.

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Source: bigpara.hurriyet.com.tr