CORPORATE / BULLETINS

16.03.2020 - TROY BULLETIN
GOLD ALMOST ROLLED OFF THE CLIFF WITH SALES AS %6.5 AT BORSA ISTANBUL
MAR 09 – MAR 16 / 2020 -  NOW THERE IS PREMIUM ON LBMA  BARS  https://www.goldtakas.com/en


All markets are on the alert since the virus anxiety made investors turn into cash. Gold was sold from the highest level 1680.50 usd/oz. During the whole week price band widened more than 110 usd/oz. Gold was in red with Silver which was the most affected precious metal. While gold closing with 1571 usd/oz and %6.5 loss; silver dropped till 15.76 usd/oz. Silver’s loss was almost %10. Total volume was recorded as 11.4 MT for gold and 16.4 for silver. After this panic sell, surely it is been waiting the precious metals to recover. At the weekend FED dragged down the rates till %0 - %0.25. Besides dollar fell against a broad range of currencies. So, this will also make some of investors face turn into Gold again. All investors should follow up the markets carefully more than ever.

BORSA ISTANBUL, morning session started with premiums. Buyers are accepting 3 usd/oz but seller side is resisting on much more premiums like more than 10 usd/oz based on London fixing pricing.
You can also have this alternative line via our integrated physical trading system. LBMA gold bars are being trading at Borsa Istanbul. You can reach us +90 212 465 65 70.