23.07.2025 10:23
As the eyes of the gold markets turn to the Central Bank of the Republic of Turkey's interest rate decision, experts have made a bold prediction for gram gold: With the impact of the exchange rate and the rise in the ounce gold price, gram gold could exceed 4500 TL. Interest rate cuts and developments related to the Fed could further accelerate this increase.
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There are sharp fluctuations in the gold markets with the new week. On Monday, the ounce gold price exceeded the $3400 barrier, while the gram gold price in the domestic market also rose above the 4450 TL level. Experts point out that the volatility in gold prices may increase further, especially before the interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) this week.
ALL EYES ON CBRT INTEREST RATE DECISION
The CBRT interest rate decision to be announced on Thursday is on the radar of both foreign exchange and gold investors. It is stated that a possible interest rate cut could increase the demand for dollars, which may further raise the gram gold prices due to the currency effect. Analysts warn that "the target of 4500 TL could be tested."
FED CRISIS IN THE US: UNDER INVESTIGATION AND PRESSURE
Global markets are closely monitoring developments surrounding the US Federal Reserve (Fed). Former President Donald Trump's criticisms of current Fed Chairman Jerome Powell, the request for an investigation into Powell by Congress members, and the US Treasury Secretary's call for an examination of the Fed could weaken confidence in the dollar. If these pressures increase, a loss of value in the dollar index may occur, which is expected to support an increase in ounce gold and thus in gram gold.
WILD PREDICTION FOR GOLD
According to market experts: If the CBRT's possible interest rate cut increases the demand for foreign currency, this could trigger a rise in gram gold again. Especially with the ounce gold exceeding $3400 and a possible jump in the dollar, gram gold could rise above the 4500 TL level."
WILL THE RISE CONTINUE?
Experts indicate that technical indicators are also signaling upward trends, stating that any potential declines in ounce gold will be short-lived, and the upward trend could continue with investors returning to buying. However, short-term fluctuations in the market should not be overlooked.
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