Under the determining direction according to the developments in the world and in our country, prices continue to burn mobiles. What is the latest situation in gold prices, where the virus in China caused fluctuations in the global markets? Here are the latest grams of gold and quarter gold prices.
GOLD PRICES 28 MARCH
Quarter gold: 521.42 pounds
Gram Gold: 334 Liira
Half Gold: 42 thousand pounds
Republic Gold: 2 thousand 142 Liras
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FACTORS AFFECTING THE GOLD PRICE
It is an investment tool used in gold production and investment purposes, but also traded in international markets. The factors that affect the price of gold are the factors that affect the supply and demand of gold. These are;
1- Industrial demand, especially for jewelry demand,
2- Gold extraction costs of mining companies,
3- Geopolitical conditions of countries with high weights in gold supply and demand,
4- Prices of oil and other commodities,
5- Gold buying and selling transactions of central banks,
6- Monetary policies of central banks,
7- Real interest rates,
Inflation rates,
9- Growth rates of world economies,
10- Hedging operations of gold producers,
11- The amount of short and long positions in futures markets where gold is traded,
12- Speculative purpose transactions,
13- The value of the US Dollar against other currencies.
