Gold Starts New Week In Red

The golden started the new week in red
The golden started the new week in red

Gold started the new week in red after closing last week in green. On the day when data flow was limited, gold started the session at 1744 dollars / ounce.

Gold started the new week in red after closing last week in green. On the day when data flow was limited, gold started the session at 1744 dollars / ounce. While the USA experienced a decline in its 10-year yield, it stood out as an element that did not put pressure on gold. Gold USA failed to make a positive close despite its decline in its 10-year yields, but still held above $ 1730 / ounce. The yellow mine, which closed the session at 1738 dollars / ounce, lost 0,4 percent compared to the previous day. Fed Chairman Jerome Powell's presentation at the House of Representatives will follow the markets.

Silver also started the week with a loss, while its loss compared to gold was hard. The white mine, which started the session at $ 26,25 / ounce, closed daily at $ 25,75 / ounce, recording a loss of 1,9 percent compared to the previous day.

Platinum, like other precious metals, could not escape the loss and closed the fourth day in a row in red. Platinum, which completed the session at $ 1186 / ounce, started the new week by writing 0,9 percent loss to its household compared to the previous day.

Palladium started the new week with losses, following its strong appreciation last week. Palladium, which started the day at 2640 dollars / ounce, completed the session at 2625 dollars / ounce and lost 0,6 percent compared to the previous day.

While gold transactions on the Borsa Istanbul Precious Metals Market were realized at 2,00-2,50 dollars / ounce above world prices on the first day of the week, the session in Borsa Istanbul was completed with a total of 2.882 kg of gold and 14.22 kg of silver.

Source: TROY

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