BORSA ISTANBUL – GOLD PRICE STUCKED IN 10 USD/OZ BAND AT BORSA ISTANBUL
Last week passed in silent at Borsa Istanbul in terms of prices and trading volume. Yellow metal price stucked in a narrow band between 1277 usd /oz – 1287 usd/oz. Highest level was recorded on Wednesday and investors preferred buying. After midweek Gold tried to hold on 1285 usd/oz. Transaction volume was also not satisfied for the Borsa. Totally 4144 KG gold and almost 6 MT silver was traded.
As known, at physical markets time to time price differences and margins allows traders to make bullion trading. Nowadays there is small premium in Turkish gold markets as it is possible to sell LBMA Good deliver bars with over 0,50 – 0,80 usd/oz over London fixing. Large bars trading also possible. To be a part of Turkish gold market directly and trade at Borsa Istanbul like a member without being subject to any extra process, is possible with Goldtakas www.goldtakas.com
