Gold prices started the day with a fall While gold investors focused on the Senate elections in Georgia, Standard Chartered Bank states that the global investment climate is supportive for gold.
Gold declined slightly after trading at an 8-week high, with the weakening dollar and investors focusing on the Georgia Senate elections.
According to Credit Suisse analyst Fahad Tariq, with the democrats gaining two more seats in the senate and reaching the majority, more financial incentives will open the way, which could support gold prices.
Standard Chartered Bank Precious Metals Analyst Suki Cooper stated that they think pre-pandemic growth figures will not be reached in the near future.
Gold prices are trading at $ 1,945.41 per ounce, down 0.24 percent at 07:54 after rising 0.3 percent. Silver prices are trading at around $ 27.3315 an ounce, down 0.8 percent.
On the spot market January 6, 2021, the instant and current quarter gold purchase price is 739.57 lira and the selling price is 758.04 lira. Under the gram, the purchase price is 461.86 liras and the selling price is 462.57 liras.