Money

Gram Gold Reached 4,000 Lira

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With the impact of the rise in gold, gold per gram reached a record high at 4,000 lira. The surge in gram gold, gold per ounce, and USD/TRY led to this breakthrough. Moreover, the gram gold price soared over 4,000 lira with an increase of more than 10%. Quarter gold also exceeded 6,800 lira. On the other hand, USD/TRY hit a record level at 41 lira with an increase of more than 10%. Gold per ounce started the day with an increase, reaching an all-time high of $3,039. Gold has gained over 15% in value since the beginning of the year. In other news, the Israeli army broke the ceasefire and carried out attacks in various parts of the Gaza Strip, resulting in at least 7 deaths and numerous injuries yesterday. Ceasefire negotiations in the Russia-Ukraine war continued. Putin agreed to halt attacks on Ukraine’s energy facilities, while rejecting Trump’s 30-day ceasefire proposal. Additionally, the customs tensions have escalated, including the 25% tariffs on steel and aluminum imposed by the US since February, along with mutual and sectoral tariffs set for April 2. Eyes are now on the Federal Reserve’s (Fed) interest rate decision, to be announced tonight. Investors will be looking for clues from Trump’s policies regarding the Fed’s interest rate policy.

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