16.06.2025 11:00
As tensions rise in the region following Israel's attacks on Iran, investors have turned to gold as a safe haven. On Friday, the price of gold per gram reached a record high of 4,373 TL, and in the new week, it reached 4,377 TL. Experts indicate that while a price of 5,000 TL in the short term is unlikely, the target of 4,500 TL by the end of the year can be maintained.
The US inflation data and the positive course of trade negotiations between China and the US had created a temporarily positive atmosphere in the markets. However, the hot conflicts that began on June 13 with Israel's attack on Iran's nuclear program and senior military officials overshadowed this positive atmosphere.
TENSIONS RISE WITH EVERY PASSING HOUR
As Iran responds to Israel's attacks with ballistic missiles, tensions in the Middle East are escalating by the hour. The number of casualties and injuries from the ongoing attacks continues to rise. The conflicts in the region are also directly affecting global markets.
GOLD AND OIL HIT RECORDS, STOCK MARKETS PLUMMET
With the resurgence of the war environment, there were sharp increases in oil and gold prices on Friday. On the stock market, which is considered a risky investment vehicle, significant losses were noted. Investors turned to gold, seen as a safe haven, during this period of escalating geopolitical risks. On Friday, the price of gold per ounce reached a record high of $3,446, while the price of gold per gram hit a historical peak of 4,373 TL. In the new week, this upward trend continued. The price of gold per ounce rose to $3,451, while the price of gold per gram reached 4,377 TL.
WILL THE PRICE OF GOLD PER GRAM REACH 5,000 TL?
Experts point out that the price of gold per gram continues to follow the price of gold per ounce. Currently, the first target for the price of gold per gram is stated to be the level of 4,500 TL, and it is emphasized that this level could be tested in the short term. However, experts argue that the level of 5,000 TL is not likely in the short term. It is expected that the dollar will remain strong in the domestic market, and occasional profit-taking in the price of gold per ounce is anticipated. Therefore, while short-term pullbacks in the price of gold per gram may be possible, it is stated that the direction will be upward again towards the end of the year.
In summary, due to geopolitical tensions and the effects of global uncertainties, gold prices are breaking record after record, and it is emphasized that investors should act cautiously.