Gold prices are of interest to investors. Today, the 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 prices for a quarter of gold on September 27, 2024…

On the last trading day of the week, gold was trading close to its historical peak. Expectations increased that the Federal Reserve’s (Fed) interest rate cut cycle initiated last month would continue strongly. Gold traded at $2,662 today, down by 0.37 percent. Yesterday, gold reached its historic peak at $2,685. Gram and quarter prices followed the performance of gold. A gram of gold found buyers on the last trading day of the week at 2,926 Turkish Liras. A quarter of gold also changed hands at the level of 4,784 Turkish Liras.

FED’S INFLATION INDICATOR REVEALED The Federal Reserve’s inflation indicator, the core personal consumption expenditures index (PCE), came in below expectations. The core PCE increased by 0.1 percent on a monthly basis, reaching 2.7 percent annually. Following the data, expectations of a 50 basis point interest rate cut by the Fed in November strengthened. Losses increased in the dollar index, falling to 100.37 levels with a 0.22 percent decrease.

SHARP DROP IN OIL

The sharp drop in oil prices was interpreted as a positive sign for global deflation.

While Brent crude oil was priced at $71.23 today, down by 0.52 percent, the weekly decline approached 5 percent.

In France, inflation underscored levels below the target of the European Central Bank (ECB). Annual inflation in the country fell below 2 percent for the first time since 2021 in September. Economic confidence in the Eurozone dropped by 0.4 points to 96.2 in September. Consumer inflation expectations in the region fell to their lowest level in 3 years.