21.08.2026 08:01
Gold prices accelerated their rise on the last trading day of the week. With the impact of spot gold rising to $4,530, the gram gold surpassed the 7,000 TL threshold again after a 4-month hiatus, reaching 7,019 TL. The value gain of gram gold in August exceeded 13 percent.
As the final trading day of the week begins in global markets, the upward momentum in gold prices has accelerated. Due to critical technical developments in spot gold and macroeconomic decisions originating from the US, gram gold has surpassed the 7,000 TL threshold again after a 4-month hiatus.
TECHNICAL RISE SIGNAL IN SPOT GOLD
The spot price of gold in global markets left behind a critical threshold after closing the previous day flat at $4,518. Having recorded its second consecutive daily close above the 200-day moving average ($4,511), a key indicator in technical analysis, spot gold reflected this situation to the markets as a strong bullish signal.
As of the morning of August 21, 2026, spot gold was trading at $4,530 as of 06:30. It recorded a net increase of 3.5% on a weekly basis. For the first time after a long four-month hiatus, an uninterrupted three-week rising streak was achieved.
GRAM GOLD TESTS THE PEAK DOMESTICALLY
This strong stance in spot gold directly impacted gram gold prices in domestic markets. Starting the day with a rapid move from the 7,000 TL level, gram gold broke this psychological barrier after months by reaching a high of 7,019 TL in early trading. Gram gold, which has pleased its investors not only on a daily but also on a monthly basis, saw its total value gain in August exceed 13%.
THE US EFFECT BEHIND THE RISE
Technical indicators alone did not trigger this rally in gold prices. The most fundamental macroeconomic development supporting precious metals this week was the US Treasury's decision to increase its long-term bond buybacks. This strategic move in the bond market fueled global demand for gold, a safe haven.