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In the country, the gram of gold, which declined with the sharp fall in the dollar exchange rate, accelerated its decline with the depreciation of gold by one ounce parallel to the flow of news about the COVID-19 vaccine abroad and saw gold of 483 lire. Gram gold closed last Friday at 534.9 liras. Thus, the loss in value in 1 business day below the gram exceeded 50 lira.
As of 01.05, the gram of gold was trading at 483.2 liras, 9.67 percent below the close on Friday last week. The gold quarter was sold for 801 lire and the gold of the Republic for 3,124 lire.
Losses approached 5 percent under the spotlight
The price of an ounce of gold has retreated quickly on the news of the vaccine and fell below $ 1,860 towards the close of the markets. Based on Friday’s close, the losses were close to 5 percent. Analysts stated that the flow of positive news regarding the COVID-19 vaccine has increased appetite for risk in global markets, and safe harbor assets have run a salable course.
The president of the Central Bank of the Republic of Turkey in the country, the Naji dollar accelerated the decline after the descriptions of Ağbal / TL analysts who claimed that they offset the 8.04 level, said the news flow related to the prices of vaccine staples will continue to be decisive in the direction.
Analysts emphasized that if the $ 1,900 support in the price of an ounce of gold breaks, the decline could continue.
