Economy

Silver and Gold Shined in September

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Last month saw the highest gains in silver and gold. The increase in silver approached double digits. Investors, however, faced losses in the stock market. September proved to be the most rewarding month for silver and gold. The Federal Reserve’s interest rate cut and the conflicts in the Middle East led to increased investments in precious metals. Silver saw an 8.7% increase, while gram gold rose by 5.9%. The Euro/TL followed silver and gold with a 1.1% increase. The rate of increase in the Dollar was 0.5%. Conversely, the Borsa Istanbul incurred losses for its investors. The BIST 100 index ended the fluctuating month of September with a 1.70% decline. Last month also saw discrepancies in the performance of global stock markets. Stimulus measures in China boosted the economy and benefited the stock market. The Shanghai Composite index appreciated by 17.3%. Meanwhile, the S&P 500 index on Wall Street only saw a 1.9% gain. In Germany, the DAX index rose by 2.2%. On the other hand, Japan’s Nikei 225 index experienced a loss of 1.8%.

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