22.09.2025 16:12
Gold prices continue to hover near historic highs ahead of the inflation data to be released by the FED this week and the speeches by officials. The price of gold per gram has exceeded 5000 TL, setting a new record.
Gold prices reached a record high ahead of inflation data to be announced this week and speeches by Fed officials, following the interest rate cut by the Federal Reserve (Fed) last week.
GRAM GOLD BREAKS RECORD
Starting the new day by reaching a historical peak, gram gold broke the record by exceeding 5000 TL in the following minutes. Currently, gram gold is trading at around 4954 lira.
"GOLD IS ONCE AGAIN AT THE DOORSTEP OF 3700 DOLLARS"
KCM Trade Chief Market Analyst Tim Waterer stated, "Gold is once again at the doorstep of 3,700 dollars. If the macroeconomic data from the U.S. supports the Fed's dovish stance, we may see new records this week."
EYES ON THE DATA TO BE ANNOUNCED ON FRIDAY
Investors are focused on the core personal consumption expenditures (PCE) index, which is considered the Fed's inflation indicator. The data is expected to be released on Friday. Waterer emphasized that the Fed's dovish approach and central banks' gold purchases continue to support prices.
This week, at least 12 officials, including Fed Chairman Jerome Powell, will speak. Markets will look for clues about the future of monetary policy from these statements. Last week, the Fed cut the policy rate by 25 basis points while also highlighting the persistence of inflation. New Fed Governor Stephen Miran announced that he voted for a stronger rate cut.
In the markets, there is a prevailing expectation of two more cuts of 25 basis points each in October and December. According to the CME FedWatch Tool, the probabilities for these cuts are 93% and 81%, respectively.
SILVER NEAR 14-YEAR HIGH
Gold generally performs strongly in a low-interest-rate environment. This year, prices have risen by more than 40% due to geopolitical risks, economic uncertainties, central bank purchases, and interest rate cuts.
Spot silver rose by 0.3% to $43.20 per ounce, maintaining its near 14-year high. Platinum fell by 0.4% to $1,398.40, while palladium increased by 0.1% to $1,150.75.