Gram gold skyrocketed!

A gram of gold is being traded at 4,316 lira after starting the day with an increase.

The gram price of gold, which gained value in parallel with the increase in the ounce price of gold yesterday (July 10), closed the day at 4,283 liras with a 0.39 percent increase.

The price of gold per gram, which started the day on a rise, was at 4,316 lira as of 9:30 a.m., a 0.8 percent increase from its previous close. A quarter- gold coin is selling for 7,230 lira, while a Republic gold coin is selling for 29,167 lira.

The price of an ounce of gold is trading at $3,342, up 0.6 percent on the new day.

NEW CUSTOMS TARIFFS FROM THE US

While US President Donald Trump's statements on tariffs are being closely followed in global markets, increasing expectations that the US Federal Reserve (Fed) may ease monetary policy are having an impact on asset prices.

Concerns about the potential economic impact of the US administration's tariffs continue. Investors are closely following these announcements, and Trump announced that a 35% tariff will be imposed on Canadian products, separate from sectoral tariffs, starting August 1st.

On the other hand, Fed officials also sent messages about interest rate cuts.

Analysts noted that rising trade tensions have increased demand for safe haven assets, leading to increases in the price of gold per ounce, while dovish messages from Fed members also supported the price of gold per ounce.

Analysts stated that the balance of payments and retail sales will be monitored domestically today, while the federal budget balance in the US will be monitored abroad, and that from a technical perspective, the support level for the gold price per ounce is $3,250, while the resistance level is $3,350.