On the second day of the week, while the stagnation in the foreign exchange market continued, there was an upward movement in the precious metal. While the dollar rate remained in place as of Tuesday, gram gold broke a record as a result of developments originating from the USA.
How Many TL Was 1 Dollar?
After the Central Bank’s interest rate decision, the exchange rate, which reached 26 TL, has been calm for days. As of Tuesday morning, July 11, the Dollar/TL parity is trading at 26.10.
Some experts think they are staying calm as exchange rates have reached their fair value. Another claim is that the intervention continues. Dollar/TL cannot exceed 26.17 level for more than 2 weeks.
Gram Gold Record Breaks!
The gram gold price, which is followed closely by investors in Turkey, has reached a historical peak in the light of developments originating from the USA. On the first day of the week, the American bonds, whose yields fell, caused an increase in the ounce gold price. The ounce price had a positive effect on gram gold directly.
Gram gold, which is based on 1627 TL in the morning hours, finds buyers at 1621 TL as of the moment. The precious metal may continue to rise if it stays above the 1617 TL support.
Borsa Istanbul index BIST 100 started the new day with a record.
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