13.01.2026 09:50
Gold started the week with a record: The ounce of gold tested $4,630 while the spot gram gold reached 6,419 TL and is trading around 6,375 TL on the morning of January 13. In the Grand Bazaar, physical gram gold is sold for 6,455 TL, and a quarter gold is sold for 10,525 TL; geopolitical risks and news of an investigation related to Powell are supporting safe-haven demand.
As gold prices start a volatile week, the global markets tested a record level of $4,630 for an ounce of gold on the first trading day of the week. In the new day, transactions are continuing at levels close to $4,595 as of 06:00 Turkish time.
GRAM GOLD REACHED A PEAK IN THE SPOT MARKET
The price of gram gold traded in the spot market reached a peak of 6,419 TL, while it started the morning of January 13, 2026, at a level of 6,375 TL. It is stated that the upward trend in gold prices remains close to the peak after the record attempt.
GRAM 6,455 TL, QUARTER 10,525 TL
On the other hand, it was noted that the physical gram gold selling price at jewelers in the Grand Bazaar was 6,455 TL, while the selling price of quarter gold was recorded at 10,525 TL.
GEOPOLITICAL RISKS KEEP SAFE HAVEN DEMAND ALIVE
It is reported that the increasing geopolitical risks in recent weeks have triggered safe haven demand in the markets, supporting the upward movement in gold prices. The lack of results from diplomatic efforts in the Russia-Ukraine war, the tension between the US and Venezuela, President Trump's approach to Greenland, and the protests in Iran are being closely monitored.
THE "INVESTIGATION" NEWS ABOUT POWELL AFFECTED THE MARKETS
The markets started the new week with news of an investigation into Fed Chairman Jerome Powell, and this development is evaluated as increasing concerns about the future of monetary policy in the US. Discussions about Powell's "renewal project" and concerns regarding the Fed's independence have also come to the fore.
GOLDMAN SACHS POSTPONED ITS FIRST INTEREST RATE CUT FORECAST
Meanwhile, Goldman Sachs' decision to postpone its previously set first interest rate cut forecast from March to June has also drawn attention.
EYES ON US INFLATION
Today, the inflation data for December to be announced in the US is awaited in the markets. In the data closely monitored in terms of the Fed's interest rate policy, the expectation is that the monthly increase will come in at 0.3 percent.