Gold Prices: Market Situation and Latest Developments

The escalating tension between the US and Iran, along with the sudden surge in oil prices, is affecting gold prices. As the price of gold per ounce attempts to stay above $4,000, concerns about interest rate hikes are keeping gold near its nine-month low. The developments in the gold market are being closely watched by investors. Due to the tension between the US and Iran, oil prices have risen by about 30% from their lowest levels in July. This situation increases the risk that central banks will tighten monetary policy to control inflation. The price of gold per gram started the day at 6,068 lira. During the day, it fell to a low of 6,040 lira and rose to a high of 6,110 lira. It is currently trading at 6,099 lira.