The search for balance in gold
Gold, which rose 4 percent in the previous session, is flat on the second trading day of the week.
Gold followed a calm course as the Fed waited for this week’s US inflation data, which will provide clues on the size of the Fed’s rate cut.
Spot gold is trading at $ 2,503 per ounce on the second trading day of the week. According to the calculation made with ounce gold and USD/TL, gram gold is at 2,743 TL.
The US consumer price index to be announced this week is expected to show an increase of 2.5 percent in August compared to a year ago, and the figures in question will mark the smallest increase since 2021.
On the other hand, possible data releases could strengthen the Fed’s easing of monetary policy.
The precious metal has risen nearly 20 percent this year. Other factors supporting gold’s upward trend included increased purchases from central banks and Chinese consumers, as well as conflicts in the Middle East and Ukraine.
English 
Turkish