Latest Developments in Gold Prices

Gold prices have managed to maintain their gains as concerns about a rate hike have eased.Gold, which was traded at around $4,200 per ounce last week, has continued to hold this level. The employment data in the US was lower than expected, while oil prices also fell. This situation has reduced the likelihood of a rate hike by the Federal Reserve, thereby alleviating inflationary concerns that had been weighing on gold.According to economic experts, the decline in oil prices seems to have had a positive impact on gold prices.Gram gold followed a similar trend. Starting the day at 6,287 lira, gram gold fluctuated between 6,263 lira and 6,324 lira during the day. It is currently being sold for 6,266 lira.