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While gold prices rose as the dollar remained under pressure, investors will still focus on U.S. data due this week for clues on the timing of a Federal Reserve interest rate cut.
Markets are pricing in two rate cuts in the second half of the year. While this pricing is starting to weigh on the dollar, uncertainty over the U.S. presidential election has prevented the greenback from falling sharply.
On the other hand, there was no major market reaction after US President Biden withdrew from the presidential candidate.
Gold price update
Affected by this, the price of gold in the spot market fell 0.16% to US$200,391.
As of 9:00, the price of gold per gram was 200,532 liras, a quarter of gold was sold for 400,141 liras, and republic gold was sold for 1,600,514 liras.
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