The election wind does not stop, the rise in gold continues: How much was the quarter and Republic gold?
The decline in US bond yields and the decline in the dollar index support gold
Quick Look
- Gram gold increased by 1.53 percent and found buyers at 6 thousand 636 liras.
- The US 2-year bond interest rate decreased to 4.56 percent and the 10-year yield decreased to 4.85 percent, testing the lowest levels of the last 2 months.
- While the dollar index fell to its lowest level in the last 5 weeks, gold is traded at 4 thousand 112 dollars per ounce, with an increase of 1.23 percent.
AI-generated summary
Why It Matters
Gram gold closed at 6 thousand 530 liras yesterday, with an increase of 3.59 percent. Starting the new day with a positive trend, it finds buyers at 6 thousand 636 liras. Quarter gold is sold for 10 thousand 930 liras, and republic gold is sold for 43 thousand 588 liras.
Gram gold, which completed the day yesterday at 6 thousand 530 liras with a strong increase of 3.59 percent, started the new day with a positive trend. As of 09.20, gram gold, which gained 1.53 percent in value compared to its previous closing, finds buyers at 6 thousand 636 liras. At the same time, quarter gold is sold for 10 thousand 930 liras, and republic gold is sold for 43 thousand 588 liras.
As the bond markets in the USA followed a buying-oriented trend, the US 2-year bond yield decreased to 4.56 percent and the 10-year bond yield decreased to 4.85 percent, testing the lowest levels of the last 2 months.
The most important factor supporting gold was investors' repricing of the growth outlook of the US economy and the dollar being under pressure. With the dollar index falling to its lowest level in the last 5 weeks, an ounce of gold is traded at 4 thousand 112 dollars with an increase of 1.23 percent.
Open Questions
- It is not stated whether this upward trend of gold will continue or not.
- It is not clearly stated how long it will take for US bond yields to fall
