BORSA ISTANBUL – MODEST PREMIUM CONTINUED AT ISTANBUL MARKET LAST WEEK
Last week, even there was a premium around 1 usd/oz, gold and silver trading was shallow.
Investors and all market players are waiting for the elections in Turkey. Even the ‘local elections’ will be held on 31 March Sunday, markets are giving high importance to this elections. Towards elections there is fluctuation on Usd/Try rate and it raised over 5.70. So this fluctuation is affecting the markets anyhow.
Besides these news, gold prices moved mostly in a band as 1300 – 1315 usd/oz. Gold started to week around 1300 usd/oz and hardly reached over 1310 usd/oz at Midweek. Within shallow trading gold reached highest level on Thursday as 1320.50 usd/oz but could not keep this level and regressed back to narrow band. At the end of week totally 4384 kg Gold and 8634 kg Silver were traded at Borsa Istanbul. 
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