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Gold prices have moved into the lost zone since the beginning of the week, readjusting the rise they experienced on Monday when the US Treasury yield rose again. Gram gold also fell with the downward trend and falling world gold prices.
The 10-year US Treasury yield rose about 25 basis points last week, stabilizing at around 1.40 percent after testing 1.60 percent. With the bond interest starting the week on a horizontal course, gold prices started the week higher and reached $ 1,760 an ounce.
After the 5 basis point increase in the interest rate on US Treasuries on Monday, gold prices fell sharply to around $ 1,710, while gram gold lost almost 15 TL in value.
Price of an ounce of gold
Gold had its worst month since November 2016, due to rising bond yields in February and the stronger US dollar. Gold, which started at $ 1,855 an ounce in February, fell sharply to $ 1,720 on the last trading day of the month.
The ounce of gold lost its value by around $ 45 on Monday, as interest on US Treasuries rose from 1.40 percent to 1.45 and stood at $ 1,713 on Tuesday.
Gold price per gram
Gram gold, following the fall in USD / TL and world gold prices in February, saw below 400 TL and then started to rise again as interest on US Treasuries pressed. to the dollar / TL.
Gram gold, which started March at around TL 415, lost more than 3 percent in value and was down to TL 402.
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