CORPORATE / BULLETINS

09.09.2019 - TROY BULLETIN
INVESTORS WANTED TO SEE THE PROFIT LAST WEEK www.goldtakas.com 
GOLD DROPPED TILL AROUND 1500 USD/OZ LEVELS /02 SEPT – 09 SEPT 2019
THERE ARE SELLERS WITH LONDON FIXING FLAT – AT BORSA ISTANBUL

Gold started last week in rising mood and and on midweek sit on the price band as 1540 – 1550 usd/oz. Best price for the week was 1544.50 usd/oz. Investors were excited about rising gold untill labor data coming from USA. Since the data shows good signals about US employment, spot gold price lost ground. Besides there were explanations from Central Bank that they are not expecting “recession”. This was the main driving force for gold to lose value. Borsa Istanbul market players realized selling transactions. Gold saw 1495 usd/oz as the lowest. Silver could not avoid from selling pressure in the market and lost 2 % value, same as Gold. After reaching high with 19.35 usd/oz sharply, had to move back till 18.22 at closing. Regarding trading volume it was one of productive weeks at Borsa. Totally 7268 kg Gold and 9159 kg Silver changed hands.

Today Turkish gold market is trying to restabilize itself. There are sellers with London fixing – flat orders on the board. LBMA Good Delivery Bars with 995, 999.9 are being circulating. Turkish gold market and Borsa Istanbul now open to international clients with Troy’s physical trading system GOLDTAKAS. No need to deal with any third party, just with metal account, Troy Precious Metals will provide you access to Borsa Istanbul. You can have an alternative market. For all questions you can call us always +90 212 465 65 70.