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Gold remains cautious ahead of U.S. and Japanese central bank meetings and major corporate balance sheets.
While markets hardly think the Federal Reserve (Fed) will cut rates tomorrow, they are pricing in a 25 basis point cut in September.
Traders also expect statements from authorities supporting policy easing.
Gold prices also remained steady as investors awaited clues on the date of a rate cut from the Federal Reserve’s monetary policy meeting ending tomorrow and upcoming economic data.
Gold market updates
As a result, the spot gold price rose 0.25% to $200,384 per ounce. U.S. gold futures rose 0.2% to $2,382.
As of 9:00 am, Gram Gold volume was 2,000 537 TL, Quarter Gold volume was 4,00149 TL, and Republic Gold volume was 16,00547 TL.
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