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Gold and silver markets react to US inflation and Fed rate hike expectations
Global precious metals markets and equity indices are reacting to recent US inflation data and shifting monetary policy expectations. In the United States, the Consumer Price Index (CPI) rose 3.4% year-over-year in August, a figure that has reinforced market expectations for a Federal Reserve interest rate hike. Current market pricing suggests a high probability of a rate increase during the upcoming meeting.
Gold prices have experienced significant volatility. While some sessions saw ounce gold rise to daily highs near $4,362, the metal has faced downward pressure due to rising interest rate expectations, which reduce the appeal of non-yielding assets. In Turkey, local gold markets have seen fluctuations, with gram gold reaching levels around 6,800 TL.
Silver has also seen movement, with prices rising in some sessions following gold's volatility, though it remains sensitive to the broader macro environment and rising rates. Meanwhile, Borsa Istanbul (BIST 100) has shown mixed performance, influenced by both domestic central bank decisions and global economic indicators, including US inflation and Middle East geopolitical tensions.
Entities
BIST 100 · Bank of America · Batman · Borsa İstanbul · Central Bank of the Republic of Turkey · Central Bank of the Republic of Türkiye · Emlak Konut GYO · European Central Bank · Federal Reserve · Gold · Odine Solutions Teknoloji Ticaret ve Sanayi A. Ş. · Samsun
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Gram gold is trading at 6,875.35 TL during morning hours.
- [○ 1 SOURCE] Quarter gold rose to 11,217 TL in the morning.
- [○ 1 SOURCE] In Samsun, gram gold purchase price is approximately 6,803 TL and sale price is 6,885 TL. www.gazetearena.com
- [○ 1 SOURCE] Half gold reached a sale price of 22,427 TL.
- [○ 1 SOURCE] Gram gold is trading at a purchase price of 6,855 TL and a sale price of 6,865 TL. www.takagazete.com.tr
- [○ 1 SOURCE] Ounce gold is trading at a purchase price of 4,398 USD and a sale price of 4,398.75 USD.
- [○ 1 SOURCE] Quarter gold purchase price is approximately 11,095 TL and sale price is 11,231 TL in Samsun. www.gazetearena.com
- [○ 1 SOURCE] Gram gold purchase price is 6,858.62 TL and sale price is 6,859.43 TL.
- [○ 1 SOURCE] Quarter gold rose by 0.80% on September 11. www.hamlegazetesi.com.tr
- [○ 1 SOURCE] Ounce gold rose by 0.60% on September 11. www.hamlegazetesi.com.tr
- [● 2 SOURCES] Spot gram gold reached a peak of 6,817 TL on September 11. www.ekoturk.com · www.hamlegazetesi.com.tr
- [○ 1 SOURCE] Gram gold rose by 0.93% on the morning of September 11. www.hamlegazetesi.com.tr