Below, the wind turned in the opposite direction

Below, the wind turned in the opposite direction

02.07.2026 16:40

The non-farm employment data from the US failing to meet expectations triggered a sharp upward wave in the gold market. While gold per ounce approached the $4,145 level in global markets, quarter gold surpassed the 10,200 TL threshold in the domestic market.

As global markets eagerly awaited the release of U.S. employment data, the winds completely turned for gold prices. The precious metal, which had been searching for direction, surged sharply, delighting investors amid signs of cooling in the U.S. economy.

SPOT PRICE EXCEEDS $4,100

With rising demand in global markets, spot gold gained 2.4% to reach $4,122, testing its highest level since June 23.

GRAM GOLD EXCEEDS 6,000 LIRAS

The wind also blew in favor of gold in the domestic market. Supported by movements in the USD/TRY exchange rate and spot gold, gram gold gained 2.3% to settle back at the 6,250 lira band.

Gold price reversal triggers market rally

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