How Did Markets Open? What is the Price of Gram Gold? Is the Decline in Gold Continuing?

Gram gold started the day with a decline and is trading at 6,090 liras. Yesterday, with the rise in the price of an ounce, gram gold gained value and closed the day with a 1.3% increase at 6,128 liras. Gram gold, which started the day with buying, is trading at 6,090 liras with a 0.5% decrease compared to the previous close. At the same time, quarter gold is being sold for 9,720 liras and Republic gold for 38,950 liras. The price of an ounce of gold is trading at $4,030 with a 0.6% decrease today. The flow of news about developments in the Middle East continues to affect the direction of asset prices. With the inflation rate in the US coming in below expectations, concerns about the US Federal Reserve (Fed) raising interest rates were alleviated, and there were increases in the price of an ounce of gold yesterday. Despite the good inflation data, the ongoing tension in the region remains a major factor pressuring gold. The US's re-imposition of a naval blockade on Iranian ports and the continuation of reciprocal attacks in the region keep oil prices high, and concerns that energy costs could accelerate inflation again and the Fed may maintain its tight monetary policy for longer are putting pressure on precious metals. Analysts stated that due to the 15 July Democracy and National Unity Day, markets are closed domestically, and abroad, mortgage applications, Producer Price Index (PPI), and Fed Chairman Kevin Warsh's presentation to the Senate will be monitored.