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Gold and silver prices fluctuate amid US inflation and Fed rate hike expectations
Global financial markets are reacting to recent US inflation data and shifting expectations regarding Federal Reserve monetary policy. US Consumer Price Index (CPI) data showed a 3.4% year-over-year increase in August, which has reinforced market expectations for a potential interest rate hike. According to the CME FedWatch Tool, the probability of a rate increase next week has risen significantly.
Precious metals have experienced notable volatility. Gold prices saw upward movement on September 11, with ounce gold reaching a daily high of 4,362.56 USD. In Turkey, gram gold prices also showed gains, rising approximately 0.93% in the morning. Silver prices rose by 1.76% on the same day, reaching 64.69 USD per ounce.
In equity markets, Borsa İstanbul has shown mixed performance. While some sectors like banking and holding companies saw gains, the technology sector faced downward pressure. Meanwhile, US markets saw gains in the S&P 500 and Nasdaq, supported by falling oil prices which helped offset concerns regarding sticky inflation.
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.
- [DISPUTED] Gram gold is trading at 6,875.35 TL during morning hours.
- [○ 1 SOURCE] Quarter gold rose to 11,217 TL in the morning.
- [DISPUTED] 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.
- [DISPUTED] 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
- [DISPUTED] 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