Gold prices have been on the rise for a long time as a safe haven after the successive bank failures in the United States. Since gold is always the first choice of Turkish people to save, he wonders if gold prices will continue to rise from now on. He is curious about the comments made by experts about gold. March 14 Live gold prices are among the important data that investors follow on a daily, monthly and annual basis. Gold prices show a rapid upward trend at the beginning of 2023. So Gold Prices Today 14 March 2023 Quarter Gold Price How Much? Gram Gold Price Current Gold Prices
Intraday Gold Interpretation / Meksa Investment – (14.03.2023)
GOLD Analysis
It gave the strongest reaction to the negative developments in the banking sector in the United States. And it reached our 1906 resistance, which we shared yesterday. Continuation of upward movement over 1890 during the day is possible. In the position of the first resistances from 1890 to 1914 and 1921 over 1960. If it goes below 1890, 1875 1850 1843 and 1828 supports can be followed.
KGRTRY Analysis
As a result of our expectation of upward movement above 1129, our resistance of 1168 was reached. This level remains important throughout the day. Above 1129 level, 1182 1191 12000 is short term initial resistance. If it goes below 1129, 1124 1100 and 1092 supports can be followed.
Source: Meksa Investment Mid-Day Analysis
Intraday Gold Interpretation / Yatırım Finansman – (14.03.2023)
Ounce of Gold – Increasing Interest in Gold
After the news of bankruptcy in the USA, the markets are pricing in that the Fed will continue to slow down the rate of increase. According to the data obtained from the CME Fed Watch screen, the expectation that the interest rate will be kept constant on March 21-22 is at the level of 25%, and the expectation for an increase of 25 basis points is at the level of 74,5%. A sharp rise was observed yesterday with the continuation of the risk aversion perception under the ounce, which gave a strong reaction from the support of $1805/ounce (200 – g average). In precious metal, it can be said that February losses are consolidated.
As of this morning, there is a pullback from the $1915/ounce resistance. However, we expect pullbacks below to remain as a short-term correction. February CPI data, which will be announced in the USA today, may also increase the volatility in ounce gold prices. 1915 – 1925 – 1950 $/ounce resistance; 1895 – 1865 – 1847 $/ounce can be followed as support.
Foreign Gold Reviews – (14.03.2023)
"systemic risk" support under
Gold remains stagnant after the bankruptcy of the SVB, which shocked the US banking system, as well as the decline in Treasury yields and a 5% rise with the weakening dollar.
Gold continues its sideways course after rising more than 5 percent in the previous three sessions as the bankruptcy of Silicon Valley Bank (SVB), one of the big US banks, triggered a flight to safe assets.
The bankruptcy of the SVB, combined with the sharp decline in treasury yields and the weakening of the dollar, became a strong support for spot gold. The 2,4 percent rise on Monday was the biggest increase since November.
Spot gold costs around $1910 per ounce. Gram gold, on the other hand, finds buyers at 1160 TL in the markets.
Spot gold was supported by the expectations that the Fed will have to soften the aggressive monetary tightening that has begun to emerge due to the financial risks from the SVB, as well as the banking crisis.
US 10-year bond yields have dropped more than 40 basis points since Wednesday, boosting interest in the precious metal.
Citigroup analysts, including Aakash Doshi, noted in a past note that gold's drivers include concerns about potential systemic risk as potential deflationary and recessionary dangers rise.
The prospect of further trouble for the global economy has also put pressure on industrial metals, which participate in the flight from risky assets. Copper also tumbled as zinc prepares to close at its lowest since November.
After the turmoil in the banking sector, the market expects a quarter-point increase instead of a half-point increase at the Fed's policy meeting on March 21-22, while investors will closely follow the US inflation data to be announced on Tuesday.
Citigroup analyst Doshi said in the briefing, "While CPI data remains critical, we see the latest market developments as structurally more supportive for gold prices."
Source: Bloomberg HT
14 March 2023 Gold Prices
As of 14.3.2023 18:54, gold has found buyers and sellers in international markets and Istanbul Grand Bazaar at the following prices:
24 Carat Gram Gold is up 1,00% to 1.161,90 TL
24K Gold Gold is down 0,38% to 61,24 USD
24 Carat Ounce Gold is down 0,38% to 1.904,76 USD
22K Gram Gold (Bracelet etc.) up 1,00% to TL 1.065,07
18 Carat Gram Gold is up 1,00% to 871,42 TL
14 Carat Gram Gold is up 1,00% to 677,77 TL
Trinket Quarter Gold up 1,00% to TL 1.868,14
Trinket Half Gold up 1,00% to 3.736,28 TL
Trinket Full (Union) Gold up 1,00% to 7.472,55 TL
Trinket Two-and-a-half (Gremse) Gold up 1,00% to TL 18.681,38
Trinket Five Gold up 1,00% to 37.362,77 TL
Quarter Ata Republic Gold up 1,00% to 1.921,39 TL
WHAT IS THE LAST SITUATION IN GOLD? WILL IT RISE?
Half Ancestor Republic Gold up 1,00% to 3.842,78 TL
Full (Union) Ata Republic Gold up 1,00% to 7.685,57 TL
Two-and-a-half Ancestor Republic Gold up 1,00% to 19.213,92 TL
High Five Republic Gold up 1,00% to 38.427,84 TL
Full Resat (Hamit) Gold up 1,00% to TL 7.265,72
Gram Silver up 1,00% to 13,35 TL
Gram Silver up 0,37% to USD 0,70
Gram Platinum up 1,00% to TL 612,18
Gram Platinum up 0,00% to USD 32,27
Ounce Platinum is up 0,00% to $1.003,58