06.09.2025 10:14
The expectation that the Fed will cut interest rates, along with the rise triggered by weak non-farm employment data, has led gold prices to reach a new record. The price of gold per gram surpassed 4,783 TL, reaching its highest level ever.
Investors continue to flock to safe-haven gold, which keeps breaking record after record. The increasing expectations that the U.S. Federal Reserve (Fed) will cut interest rates have continued to drive gold prices upward, while weak non-farm payroll data has caused gold prices to soar. Gram gold woke up to another record on the morning of September 6.
NEW RECORD IN GRAM GOLD
Gram gold started the day at 4,698 lira. During the day, it saw a low of 4,692 lira and a high of 4,775 lira, setting a new record. Currently, gram gold is being bought at 4,756 lira. An ounce of gold is trading at 3,584 lira.
In afternoon trading yesterday, gram gold reached an all-time high of 4,783 lira, while ounce gold approached the $3,600 mark in the evening hours.
Although there was a limited pullback as the markets closed, gold prices maintained their historical levels.
EMPLOYMENT DATA WELL BELOW EXPECTATIONS
According to the data released in the U.S., non-farm employment fell to its lowest level since October 2024. While expectations were for 75,000, the reported figure was only 22,000. The unemployment rate also exceeded the expected 4.2%, recorded at 4.3%. Average hourly earnings increased by 0.3% in August, rising to $36.53, while the annual increase was 3.7%. The average weekly working hours remained stable at 34.2 hours.
BIG PREDICTION FROM A U.S. BANK
Goldman Sachs predicted that if the U.S. Federal Reserve (Fed) loses credibility and investors shift from Treasury bonds to gold, the price of gold could rise to $5,000 per ounce. The report stated that a rise to $4,000 in the price of gold per ounce by mid-2026 is the "base scenario." Additionally, a "tail risk" scenario of $4,500 and a prediction of $5,000 if only 1% of the U.S. Treasury market shifts to gold were included.
According to Goldman Sachs' note, if the price of gold reaches $5,000, with the dollar/TL exchange rate remaining stable at 41.15, the price of gram gold could rise to 6,600 TL.
Analysts stated, "If only 1% of the U.S. Treasury bond market shifts to gold, assuming all else remains constant, the price of gold per ounce could rise to approximately $5,000. Gold continues to be our long-term investment recommendation with the highest reliability in the commodity market."
GOLD PRICES ON SEPTEMBER 6
GRAM GOLD
Buy: 4,756
Sell: 4,756
QUARTER GOLD
Buy: 7,609
Sell: 7,777
HALF GOLD
Buy: 15,172
Sell: 15,555
FULL GOLD
Buy: 30,918
Sell: 31,231