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Gold Price at 3,000 Liras | How Much Are Gold Prices? Gold Rates on October 21, 2024

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Investors are curious about gold prices. The current prices of a gram of gold and a quarter of gold are being researched. So, how much are gold prices? How much are the prices of a gram of gold and a quarter of gold today? Current quarter gold rates for October 21, 2024…

Gold prices continued to rise, reaching a new historical peak, driven by uncertainties about the US elections and conflicts in the Middle East, as well as major central banks lowering interest rates. The spot price of gold traded at $2,727, rising by 0.23 percent. Gram and quarter prices followed the performance of the ounce of gold. A gram of gold set a new record by surpassing 3,000 liras. Similarly, a quarter of gold changed hands at 4,908 liras. Silver also approached a 12-year high. Supported by the rise in gold, silver reached its highest level since 2012 at $34.08, rising by 1.3 percent.

MARKETS BEGIN TO PRICE IN TRUMP

Global markets started to price in the possibility of Donald Trump winning the presidential elections in the US.

It is predicted that Trump’s tax and trade policies will be inflationary, leading to higher interest rates in the US. Experts also forecasted that Trump’s foreign trade policies would put pressure on other currencies.

ISRAEL BOMBS BEIRUT The Israeli army targeted charitable institutions funding Hezbollah in the capital of Lebanon, Beirut. Explosions were reported in several locations. Yesterday, clashes occurred in many parts of southern Lebanon. In the past few months, the Israeli army inflicted the most fatal attacks in the Gaza Strip, resulting in 87 deaths. Israeli attacks continued during the night.

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