The rise in gold continues: How much is the price of gram gold?

A gram of gold is being traded at 4,344 lira after starting the day with an increase.

The gram price of gold, which lost value in parallel with the decline in the ounce price of gold, closed the day yesterday with a 0.4 percent loss at 4,318 lira.

OUNCE GOLD AT $3,359 LEVEL

The price of gold per gram, which started the day on a rise, was at 4,344 lira as of 10:00 a.m., a 0.6 percent increase from its previous close. A quarter- gold coin is selling for 7,090 lira, while a Republic gold coin is selling for 28,270 lira.

The price of an ounce of gold is trading at $3,359, up 0.5 percent on the new day.

US inflation data expected

While US tariff tensions support demand for safe-haven assets, investors' focus has turned to US inflation data, which could offer clues about the US Federal Reserve's (Fed) interest rate decision.

The European Union (EU) has accused the US of resisting trade deal efforts and warned of countermeasures if a deal cannot be reached. US President Donald Trump has stated that he is open to talks with the EU and other trading partners.

Meanwhile, US President Donald Trump renewed his criticism of Fed Chairman Jerome Powell, saying interest rates should be reduced to 1 percent or lower.

Analysts noted that gold gained value due to safe-haven demand stemming from tariff tensions, but rising treasury bond yields and the appreciation of the dollar index eroded prices.

Analysts reported that gold gained value due to increased safe haven demand due to tariff tensions, and that US Treasury bond yields and the dollar index also influenced pricing.

Analysts stated that domestic markets will be closed today, and that an intensive data agenda will be followed abroad, including the Consumer Price Index (CPI) data to be released in the US, and noted that from a technical perspective, the resistance level for the ounce price of gold is $3,380, while the support level is $3,330.