The record series under gram is on its 4th day

According to the calculation made on the dollar/TL exchange rate with the ounce price of gold, a new record attempt came on the first trading day of the new week with 1,165 TL per gram. Thus, a record level was seen for gram gold on the 4th day during the day. While gold prices in the spot market continued their rise, which started with the effect of expectations that the Fed would follow a more moderate path in monetary policy after the US inflation, new record attempts were also seen on the gram gold side. After closing the fourth consecutive week with an increase with optimism that the Fed would slow down its aggressive interest rate hikes, gold is moving sideways near its highest level in 8 months on the first trading day of the new week. The ounce of gold, which started the new week at 1,919 dollars, reached 1,929 dollars and then gained stability around the 1,916 dollar level. Gram gold, on the other hand, saw a new record level of 1,165 TL. Gram gold completed the last 4 weeks with an increase. Last week, the premium in gold exceeded 3 percent. Short-term U.S. inflation expectations fell to their lowest level in nearly two years in December as data showed consumer price increases slowed. A decline in Treasury yields also supported demand for the non-interest-bearing precious metal. The U.S. 10-year yield rose on Friday but fell on a weekly basis.