29.01.2026 07:30
The increase in geopolitical and economic uncertainties in global markets has accelerated investors' search for safe havens. The Fed's decision to keep interest rates steady and its emphasis that inflation is still above the 2% target provided support for gold. The ounce of gold approached $5,600, reaching historic levels, while the gram of gold broke a record at 7,816 lira.
Increasing geopolitical and economic uncertainties in global markets have strengthened investors' demand for safe havens. As a result of these developments, spot gold approached $5,600 per ounce, reaching historic levels.
HISTORIC LEVELS IN OUNCES OF GOLD
Supported by the depreciation of the US dollar, gold reached $5,598.29 during the day. Currently, gold is trading at $5,540.59, up 3% from yesterday.
GRAM GOLD SETS A NEW RECORD
The rise in gold prices has also pushed gram gold to new heights in the domestic market. Gram gold reached 7,816 lira, breaking a historical record. Currently, gram gold is trading at 7,733 lira, up 3.1%.
US DEBT AND TRADE CONCERNS HIGHLIGHT GOLD
Marex analyst Edward Meir stated that the increasing US debt and signals that the global trade system is shifting from a US-centric structure to regional blocs have directed investors towards gold. Meir emphasized that this process has strengthened the demand for safe havens.
OCBC analysts noted that gold is now seen not only as a protection against crises or inflation but also as a strong store of value that provides portfolio diversification under different macroeconomic conditions.
2026 RALLY CONTINUES, CORRECTION RISK ON THE AGENDA
Gold, which gained 64% in value in 2025, continued its rise in 2026, recording an increase of over 28.5%. IG analyst Tony Sycamore expressed that the rise has taken on a parabolic structure and that there is a possibility of correction in the short term, while it is expected that the fundamental dynamics will continue to support gold throughout 2026.
GEOPOLITICAL TENSION INCREASES DEMAND FOR SAFE HAVENS
US President Donald Trump's call for an agreement on nuclear weapons with Iran and the escalating statements between the parties have increased the perception of risk in the markets. These developments have played a role in directing investors towards safe havens.
FED DECISION AND TETHER MOVE WERE INFLUENTIAL
The US Federal Reserve's decision to keep interest rates steady and its emphasis that inflation continues to remain above the 2% target were among the factors supporting gold. Additionally, Tether's plans to allocate 10-15% of its investment portfolio to physical gold also supported prices upward.
HISTORIC PEAK IN SILVER AS WELL
Along with gold, silver has also continued its rise. Silver reached a historic peak of $119.42 per ounce. Currently, silver is trading at $117.33, up 0.8%, while its return since the beginning of the year has exceeded 65.1%.