IN Turkey the price of gold is increased by 1.58%. Current gold price is 239, 2 Turkish lira per gram, and the value of the coin called “CAREC” (a quarter) is 395 Turkish lira. Some analysts point out that the gold market is in a favorable situation for further price growth. The main supporting factors are the purchase of precious metals from Central banks and termination of interest rate hikes by the Federal reserve system. Some countries buy yellow precious metals for their reserves, for example, China, Russia and other countries. On the other hand, the US Federal reserve system has completed a cycle of interest rate hikes. For this reason, commodity market analysts are optimistic about the prospects for gold in the coming months.