Gold Prices Break Record With the Release of US Inflation Data

After the announcement of the US inflation data on April 12, gold prices hit record levels again. Gram gold reached its highest level in history by exceeding 1273 Turkish liras.

After the announcement of the US inflation data on April 12, gold prices hit record levels again. Gram gold reached its highest level in history by exceeding 1273 Turkish liras.

Experts state that the decrease in expectations for the Fed’s interest rate hike after the US inflation rose less than expected in March positively affected gold prices. It is also known that fluctuations in exchange rates have an impact on gold prices.

After yesterday’s developments, the price of an ounce of gold also increased. The ounce of gold started the day at $2014 and reached its lowest level of $2014 and highest level of $2048 during the day. Currently, the ounce of gold is trading at $2043.

Gram gold continues to break record after record due to both the rise in the price of an ounce of gold and the fluctuations in exchange rates. Gram gold started the day at 1251 Turkish liras and saw its lowest level at 1249 liras and its highest level at 1273 liras during the day. Currently, gram gold is trading at 1269 liras.

Experts say that making a definite prediction about whether this rise in gold prices will continue or not is difficult. However, it is emphasized that monitoring global economic developments and US inflation data will be important for investors.

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