29.05.2025 09:21
The U.S. International Trade Court ruled that President Donald Trump's tariffs exceeded the limits of legal authority. The court decided to annul the tariffs and permanently lift them. Following the ruling, gold lost its safe-haven status and sharply declined both globally and in Turkey. The price of gold per gram fell to 4,122 TL, while the price of gold per ounce dropped to 3,268 dollars.
After President Donald Trump's decision to halt the "Day of Salvation" tariffs in the USA, gold prices lost their safe haven appeal. With the strengthening of the dollar, gold started the day with a sharp decline both in international markets and in Turkey.
SHARP DECLINE IN OUNCES OF GOLD
The price of gold per ounce in international markets fell by 0.7% to as low as $3,268. This level has been recorded as the lowest since May 20.
DOLLAR STRENGTHENED, GOLD PULLED BACK
U.S. gold futures also traded at $3,265, down 0.1%. The rise in the dollar index caused investors to prefer the dollar as a safe haven.
LOSS IN GRAM GOLD: DROPPED TO 4,122 TL
The decline in gold was also felt directly in the domestic market. The gram gold price fell by 0.25% to as low as 4,122 TL; similar declines were observed in the prices of quarter, half, and full gold.
INVESTORS' EYES ON THE SCREEN: WILL GOLD RISE?
Investors closely following gram gold continue to analyze the markets with questions like, "What will be the direction of gold prices?" and "What should investors do?" Experts indicate that the volatility in the dollar and geopolitical developments will be decisive in the short term.
HERE ARE THE GOLD PRICES AS OF 09:00