Gold breaks new record – Sözcü
Gold prices hit a record high as expectations grew that the US Federal Reserve (Fed) would cut interest rates in September, with gold per ounce rising above $2,490.
The latest data from the US yesterday met expectations, showing that the economy remains strong. US retail sales data came in above expectations, while unemployment claims came in below expectations.
On the other hand, the continued momentum of geopolitical tensions also supported gold prices. China's high gold purchases were another factor supporting the precious metal.
With the Dollar/TL exchange rate also high, gram gold was traded at 2,700 TL. Quarter gold was priced at 4,314 TL.