20.07.2026 11:11
With the escalating US-Iran military crisis in the Middle East pushing Brent crude oil above $90, the Fed's interest rate messages have shaken the markets. Caught between two fires, gold started the week at $4,023 per ounce and 6,102 lira per gram. Experts warned investors that if the critical support level of $3,886 per ounce is broken downward, panic selling could be triggered, potentially driving prices down to $3,500.
The deepening military crisis in the Middle East and hawkish statements from US Federal Reserve officials have caused a reshuffling of the cards in global markets. While conflicts threatening energy corridors push oil prices to record highs, experts have revealed the critical "breaking" level for gold, squeezed between high interest rate pressure and safe-haven demand.
GEOPOLITICAL RISK AT ITS PEAK
At the heart of the sharp volatility in global markets lies the escalating military tension between the US and Iran. The Washington administration has officially announced that they have completed the ninth night of airstrikes against Iran. Following the loss of American soldiers at bases in Jordan, news of new attacks from allied countries in the region has pushed geopolitical risks to the highest level.
OIL EXCEEDS $90, INFLATION FEAR REKINDLED
The conflict's spread to the Strait of Hormuz, the heart of global energy shipments, and the disruption of logistics lines have sent the oil market soaring. The price of Brent crude rose approximately 3%, reaching its highest level in a month and surpassing the $90 threshold. While rising oil prices have reignited inflation expectations worldwide, concerns among investors that "interest rates will remain higher for longer" have intensified. Interest rate hike signals from Fed officials are weakening the hand of gold, which yields no interest.
FIRST FIGURES OF THE WEEK FOR OUNCE AND GRAM GOLD
Gold prices, caught between two fires, started the first trading day of the new week with a limited upward trend. The initial figures in the markets are as follows: Spot Gold: Trading at around $4,023, up nearly 0.14%. Gram Gold: Turning upward in the domestic market, gram gold is moving at the level of 6,102 lira.
CRITICAL WARNING FROM EXPERTS
Market experts emphasize that gold should be approached more cautiously in the long term due to high interest rate pressure and uncertainties in the global economy. In technical analysis, the level of $3,886 per ounce is stated to be a critical support point. "If this critical support level is breached to the downside, panic selling could accelerate in the market, and ounce gold prices could decline to the $3,500 level."