21.03.2026 08:30
Despite the wars in the Middle East and global uncertainties, gold prices sharply fell to the level of $4,500, experiencing their largest weekly loss since 1983.
As global markets continue to fluctuate under the shadow of escalating war and increasing geopolitical risks in the Middle East, gold, which is seen as a safe haven, has faced strong selling pressure contrary to expectations. The shift in investor positions despite the rising uncertainty indicates a notable break in the market.
NOT SEEN SINCE 1983
Gold prices in global markets have sharply declined to the level of $4,500, experiencing the largest weekly loss since 1983.
EXIT FROM GOLD CONTINUES
As investors exit gold, which is perceived as a safe haven, due to rising geopolitical tensions and increasing energy prices, a strong dollar and rising bond yields have also accelerated the decline.
INFLATION EXPECTATIONS HAVE INCREASED
Experts state that developments in the Middle East have raised inflation expectations, weakening the likelihood of interest rate cuts by central banks. This is also cited as one of the key factors increasing pressure on gold.
GOLD UNDER STRONG SELLING PRESSURE
Gold, which has been losing value continuously in recent weeks, continues to remain under strong selling pressure alongside changes in investors' risk perception.
CURRENT STATUS OF GOLD
Following the sharp fluctuations in the markets, as of today in the Istanbul free market;
- Gram gold purchase 6,401 TL, sale 6,405 TL,
- Quarter gold purchase 10,860 TL, sale 11,488 TL,
- Ounce gold is trading at a purchase price of $4,497 and a sale price of $4,498.