Searching for direction in the falling gold: How much is the gram gold price?

A gram of gold is being traded at 5,526 lira after starting the day with a decline.

The gram of gold, which gained value in parallel with the rise in the ounce price yesterday (October 23), closed the day with a 0.7 percent increase at 5,569 lira. Having started the new day lower, the gram of gold was at 5,526 lira as of 09:20, 0.8 percent below the previous close.

Quarter gold coins are sold for 9,589 liras, while Republic gold coins are sold for 38,218 liras.

GOLD IS TRADING AT $4,086 AN OUNCE

The price of gold, which started the day with a decline, is currently at $4,086 per ounce, 1 percent below the previous close.

Expectations that US-China tensions may ease have weakened risk perception in the markets, while the trend towards safe havens like gold has also diminished.

The confirmation of the US-China meeting, which is important for global trade balances, with the statement made by the White House yesterday created a positive atmosphere in the markets.

US President Donald Trump will embark on a tour of Asia, including meetings with leaders of China, South Korea, and Japan, according to White House spokeswoman Karoline Leavitt. He will travel to Malaysia on October 26, where he will meet with leaders of the Association of Southeast Asian Nations (ASEAN) for a working dinner.

Analysts stated that if the inflation data to be released in the US exceeds expectations, the downward trend in the ounce price of gold may continue.

Analysts emphasized that the financial services confidence index will be followed domestically today, inflation and the University of Michigan consumer confidence index in the US abroad, and manufacturing industry, service sector and composite PMI data globally, noting that from a technical perspective, $4,500 is resistance and $4,000 is support in the ounce price of gold.