The biggest loss of gold in the last 2 months! Gold prices ended last week with a sharp decline, and the new week started with the steepest decline in two months.
Gold has experienced its biggest decline in the past two months, with the dollar gaining value and the US Treasury bond yields rising.
The dollar rose from its weakest level in the last three years, while interest in interest-free assets decreased with rising bond yields.
In addition to the global economy, which was badly damaged due to the epidemic, with the announcement of large stimulus packages by central banks and governments, gold closed 2020 with 24 percent gain. However, after the vaccine news spread, it also reduced its earnings.
Elected President Joe Biden said in a statement Friday that trillions of dollars will be provided and direct payments will be increased.
After gold prices rose almost 3 percent last week to $ 1,960 an ounce, it entered a sharp downward trend, closing the week at around $ 1,840 an ounce with a loss of 2.62 percent.
Starting the new week with a 0.90 percent drop, gold is trading at around $ 1,832.48 an ounce at 07:54 TSI.
Gram gold was sold for 434 TL on Monday, January 11, but bought back from 430 TL.
Quarter gold purchase price is 703, selling price is 717 TL,
Half gold purchase price 1.406, sales price 1.435 TL,
Republic gold purchase price 2.894 selling price 2.923 TL,