CORPORATE / BULLETINS

06.05.2019 - TROY BULLETIN
BORSA ISTANBUL /29 - 03 MAY 2019
MODEST TRADING REALIZED AT BORSA ISTANBUL LAST WEEK

Last week mostly selling transactions dominated the market. At midweek Gold recorded 1287 usd/oz as the highest level. On Thursday together with worldwide selling pressure it dropped till 1268 usd/oz and lost significant blood. Gold trading was very modest with total 2379 Kg trading volume. Silver side was more active. Totally 9277 Kg silver changed hands. Markets getting slower in Turkey and middle east region since Ramadan month came. Generally we see some slowness during this period. Margins tightened as prices moving less than spot around 0,50 – 1 usd/oz. In any case you can follow up prices via www.goldtakas.com. Sometimes we see significant discount at Turkish market but summer time is also wedding season and there is demand at the same time. So price margins will find its balance under demand & supply combat.