PRECIOUS METALS HAD A PROFITABLE WEEK
FEB 28 – MARCH 07 / 2022 https://www.goldtakas.com/en 

Precious metals continue to follow the war between Russia and Ukraine. Investors turned to gold and silver as a result of this situation. Alongside the war, Fed Chairman Jerome Powell's presentation to the US Senate was watched carefully. The Chairman emphasized that they will not make any changes in the rate hike decisions in March.

Gold had a profitable week due to these developments. Gold recorded its highest level at 1948,30 usd/oz level at Borsa Istanbul. The closing was 1947,75 usd/oz level. This means that gold gained 2,24% of its value. Gold transaction volume was 6,9 MT at Borsa Istanbul. After Borsa session closed, yellow metal reached until 1970 usd/oz level at international markets.

Silver’s move was parallel with gold. Silver reached its highest level at 25,15 usd/oz level and completed the week almost the same level at Borsa Istanbul. Compared to last week, white metal gained 2,57% value. Totally 32,4 MT silver changed hands at Borsa Istanbul. It was a fairly high transaction volume.

Borsa Istanbul started its Monday morning session with certain premiums up to 4 usd/oz. Still traders are benefiting from the margins.  LBMA Good Delivery bars are being trading at Borsa. Without being member, you can be active directly at Borsa Istanbul. For information please call us +90 212 465 65 70.