15.07.2025 10:31
Trump's threat of sanctions against Russia and tensions in the Middle East have led investors to seek refuge in safe havens. Spot gold has risen to $3,360, while gram gold has increased to 4,353 Turkish lira in the Grand Bazaar. Following this rise, the price of a quarter gold coin is trading at 7,090 lira, and a republic gold coin is at 28,270 lira.
After U.S. President Donald Trump threatened Russia with sanctions, the declining gold prices began to rise. Following the threat of sanctions, spot gold, which was at $3,340, surged to $3,360.
U.S. President Trump stated, "I am not happy with Russia at all. If they do not reach an agreement (with Ukraine) within 50 days, we will increase the tariffs by 100%." Trump also mentioned, "Today we made an agreement to send weapons to Ukraine," announcing that the U.S. would produce these weapons and cover the costs for NATO allies.
GOLD STARTED THE DAY WITH AN INCREASE
The price of gold per gram is currently at 4,344 lira, reflecting a 0.6% increase compared to the previous closing as of 10:00 AM. A quarter of gold is being sold for 7,090 lira, and the republic gold is priced at 28,270 lira. The price of gold per ounce is also trading at $3,359, showing a 0.5% increase in the new day.
EYES ON U.S. INFLATION DATA
While tariff tensions in the U.S. support demand for safe-haven assets, investors have turned their focus to U.S. inflation data, which could provide clues about the Federal Reserve's (Fed) interest rate decision.
The European Union (EU) accused the U.S. of resisting trade agreement efforts, warning that countermeasures would be taken if no compromise is reached. U.S. President Donald Trump stated that he is open to discussions with the EU and other trade partners.
Meanwhile, U.S. President Donald Trump renewed his criticisms of Fed Chairman Jerome Powell, stating that interest rates should be lowered to 1% or lower.