Gold prices are being wondered by investors. Today, the prices of a gram of gold and a quarter of gold are being researched. So, how much are gold prices? What are the current prices for a gram of gold and a quarter of gold? October 14, 2024 current prices of a quarter of gold…

Gold prices remained under the influence of a strengthening dollar on the first trading day of the week.

Gold opened the day flat, trading around $2,658 per ounce. The prices of a gram and a quarter followed the performance of gold. A gram of gold found buyers at 2,926 Turkish Liras. A quarter of gold also changed hands at a level of 4,784 Turkish Liras. This week, inflation data in the UK to be announced on Wednesday and the interest rate decision to be announced by the European Central Bank (ECB) on Thursday will be monitored. Investors will be looking for more clues regarding interest rate cuts by the US Federal Reserve (Fed). Following inflation data in the US exceeding expectations, markets have stopped pricing in a 50 basis point interest rate cut. The dollar continued to receive support from diminishing expectations of a large interest rate cut. The dollar index rose to 103.1. In Asia, China’s steps to support the economy were closely monitored. Chinese Finance Minister Lan Foan promised on Saturday to significantly increase government borrowing. Foan did not provide information on the extent of support that would be provided this way.