The gram of gold is traded at 3,410 liras

The gram price of gold, which lost value in parallel with the decrease in the ounce price yesterday, closed the day at 3,413 liras, decreasing by 1.3 percent compared to the previous close.

The gram price of gold, after starting the new day with a loss of value, is at 3,410 liras as of 09:40, down 0.1 percent compared to its previous close.

Quarter gold is traded at 5,720 lira

At the same time, quarter gold was sold for 5,720 liras, Republic gold was sold for 22,790 liras, while the ounce price of gold was traded at 2,910 dollars, losing 0.1 percent of its value compared to its previous close.

The uncertainty created by the policies pursued by US President Donald Trump continues to have an impact on asset prices by increasing global trade war concerns.

As the dilemma of inflation and recession continues around the world, concerns remain that the steps taken by Trump as part of his "America First" policy could disrupt global trade.

Concerns that the trade war that Trump started with tariffs with countries that the US has close trade relations with could deepen are causing risk perception to rise. Signals from macroeconomic data are also leading investors to act cautiously.

While these developments have caused bond demand to strengthen, the US 10-year bond interest, which has been falling in the last five business days, decreased by approximately 10 basis points yesterday to 4.29 percent, the lowest level since December 12. The US 10-year bond settled at 4.33 percent on the new day, while the dollar index is at 106.4, up 0.1 percent.

Analysts stated that the data agenda will be calm in the country today, and that the GfK consumer confidence index in Germany and new home sales in the US will be followed abroad, and noted that from a technical perspective, the support level for the ounce price of gold is $2,900, while the resistance level is $2,950.