PRECIOUS METALS FELL AT BORSA ISTANBUL
JAN 24 – JAN 31 / 2022 https://www.goldtakas.com/en 

Last week, political tension between Ukraine and Russia and the Fed meeting gave direction to precious metals. Investors turned to gold and silver due to political tensions.  However, precious metals fell after the Fed chairman's hawkish speech on interest rates.

Gold had a week trying to rise. Gold recorded its highest level at 1847 usd/oz level at Borsa Istanbul. The closing was 1801 usd/oz level. This means that yellow metal lost 2% of its value. Despite the depreciation, the yellow metal was able to hold at 1800 usd/oz level. Gold transaction volume was almost 8 MT at Borsa Istanbul. After Borsa session closed, Gold caught in the selling wave and declined to 1791 usd/oz level at international markets.

Silver had a harder week than gold. Silver reached its highest level at 23,61 usd/oz level at Borsa Istanbul. Silver finished the week at 23 usd/oz level. This level was also at the same level as the lowest level. Totally 2,5 MT silver changed hands at Borsa Istanbul. 

Borsa Istanbul market is quite at the beginning of the week. There were high premium transactions last week. At Borsa Istanbul LBMA Good Delivery Bars are being trading. It is possible to be a part of this market. Without being member, via your Troy metal account you can manage gold trading and be active at Borsa Istanbul as well as free market. Please also visit www.goldtakas.com. For information please call us +90 212 465 65 70.