The price of one gram of gold reached 3,790 liras

The price of gold in the Turkish market has decreased today, and one gram of it is being traded at 09:45 for 3,790 liras.

Yesterday, following the drop in the global price of gold, the price per gram of gold in the Turkish market also declined and ended the day with a 0.7 percent decrease at 3,797 liras.

With the start of today's trading, the downward trend continued, and the price of one gram of gold dropped by 0.2 percent to 3,790 liras. At the same time, the quarter gold coin is being bought and sold at 6,330 liras and the Republic gold coin at 25,220 liras.

Historical record and then correction in global gold prices

Yesterday, the global price of gold reached 3,167.86 dollars and set a new record. However, currently, with a 0.4 percent decrease compared to the previous day, the price of one ounce of gold stands at 3,101 dollars.

Fluctuations in financial markets due to trade tensions

With the announcement of new tariffs by the President of the United States, Donald Trump, financial markets have experienced fluctuations. Meanwhile, analysts are focused on today's speech by the President of the US Central Bank, Jerome Powell, and also on the release of non-farm employment data in the country.

"The trade developments of the United States with its key partners have increased concerns about the intensification of the trade war, and this issue has become one of the main sources of uncertainty in the path of global growth and inflation."

Expectations from the Federal Reserve Chairman's speech

According to experts, the importance of today's speech by Powell has increased more than before in these circumstances. Markets are waiting to receive signals from his remarks that could clarify the direction of global markets.

Experts have also emphasized that the decrease in the price of gold after the record-breaking surge was due to profit-taking sales, and Trump's tariff actions may also increase concerns about an economic recession in the future.

Technical analysis of gold prices

Analysts believe that today, in the domestic market, the real effective exchange rate index and on the international level, Powell’s speech and the US non-farm employment data will be in focus.

From a technical perspective, the level of 3,080 dollars is considered support, and the level of 3,120 dollars is considered resistance for the global gold price.