Gold Soars Past $44,000 Amid Global Market Tensions
Gold prices continued their rise on September 4, surpassing $44,000 in international markets and settling at 6,949 lira levels in the domestic market. The precious metal's upward trend is attributed to escalating tensions in global markets and central bank interest rate policies. Market players are focused on the US non-farm payroll data, set to be released today at 15:30, which will guide the Fed's interest rate policy.
The spot gold price reached as high as $4,486 per ounce in the early hours of Friday morning and was trading at $4,468 per ounce as of 09:50. This strong stance in spot gold is reflected in the domestic market, with gram gold continuing its upward trend, settling at levels of 6,949 lira.
The entire market is focused on the US non-farm payroll figures to be announced today at 15:30, which is expected to directly shape the Fed's interest rate cut path and chart a new course for gold prices.