Investors are curious about gold prices. They are researching how much a gram of gold and a quarter of gold cost today. So, how much are gold prices? How much is a gram of gold and a quarter of gold today? Current quarter gold rates as of October 2, 2024…
Gold prices remained stable in the Middle East due to increasing tension. Investors will monitor developments in the Middle East and economic data to be announced in the US to track market trends. Gold traded around $2,655 with a 0.30% decrease at the start of the day. Gram and quarter prices followed the performance of gold. A gram of gold found buyers at 2,910 Turkish Lira. Quarter gold also changed hands at 4,782 Turkish Lira level.
MISSILE ATTACK FROM IRAN TO ISRAEL Iran’s missile attack on Israel ignited major war concerns in the Middle East. Iran targeted Tel Aviv with 200 hypersonic ballistic missiles.
Iran announced that the missile attack would not continue if there were no further provocations. Israel, on the other hand, stated that there would be a harsh response to the attack. Prime Minister Netanyahu said, “Iran will pay the price.”
US EMPLOYMENT DATA TO BE MONITORED Data indicating the resilience of the employment market in the US suggests that the Federal Reserve (Fed) may make a smaller interest rate cut in November. The JOLTS job openings announced yesterday unexpectedly rose in August after two consecutive months of decline. Private sector employment data in the US will be announced later in the day. Non-farm payroll data, closely monitored on Fridays, will be revealed. Fed Chair Jerome Powell stated two days ago that the Fed is not in a hurry to quickly lower interest rates.
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