US Inflation Figures Released: Gold Plummets, Dollar Rises - Sözcü Newspaper
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4 Articles
The highly anticipated inflation data for the US market has been released. Following the significantly higher-than-expected inflation figures, gold prices fell more rapidly, while the rise in the dollar index caused the USD/TRY exchange rate to move upwards. Here are the details...
The US consumer price index rose more sharply than expected, causing the price of gold to fall by more than $104 per ounce tonight, November 10th, to just $4,036 per ounce.
Gold prices fell sharply after higher-than-expected inflation data was released in the US. The price of gold per ounce decreased by 2.1%, while the price of gold per gram dropped to 6,500 Turkish Lira.
The higher-than-expected October inflation data in the US caused a sharp decline in the gold market. The price of gold per ounce fell to $4,039, with losses exceeding 2.60%. In Turkey, the price of gold per gram dropped from 6,580 lira to 6,540 lira.
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