05.02.2025 09:41
Due to the effects of global trade wars, gold prices have reached a new record. On Wednesday, the price of gold bullion hit $2,849.05 per ounce, reaching an all-time high.
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Gold investors have been experiencing a golden age for the past two weeks. Gold, which has been setting new records almost every day, continued its rise today and reached its peak.
US TRADE POLICIES SUPPORT GOLD
The steps taken by the US regarding additional tariffs are contributing to the appreciation of gold. Washington's moves are increasing tensions in global trade, causing investors to turn to gold as a safe haven.
CHINA'S RETALIATIONS AND TRADE WAR FEARS
Following Beijing's retaliation against new tariffs, fears of a new trade war between the US and China are growing. In this environment of uncertainty, investors continue to avoid risk and turn to gold.
TRUMP'S GAZA STATEMENTS MOVED MARKETS
US President Donald Trump's statements regarding Gaza drew significant international backlash. Trump reiterated the view that the Palestinian people should live elsewhere, claiming that despite the ceasefire, the US would "take over" the Gaza Strip and "own it."
TENSIONS ARE DRIVING UP GOLD PRICES
Increasing political and economic uncertainties globally continue to direct investors to gold as a safe haven. Trade wars and geopolitical crises are pushing the value of gold up, reaching record levels.
SPOT GOLD
Spot gold started the day at $2844. During the day, it saw a low of $2839 and a high of $2860. Currently, it is trading at $2859.
GRAM GOLD
Gram gold started the day at 3286 lira. During the day, it saw a low of 3282 lira and a high of 3306 lira. Currently, it is finding buyers at 3304 lira.
GOLD IN THE GRAND BAZAAR
In the Grand Bazaar, gram gold is being bought at 3284 lira and sold at 3323 lira.
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