12.05.2025 08:51
Safe haven gold has gained momentum with the easing of global tensions. The yellow metal, which has been in the spotlight for breaking records, started the week with a decline. Signs of easing in trade wars and the upcoming peace talks in the Russia-Ukraine conflict are pulling prices down. Gold per gram started the day at 4,092 lira, while gold per ounce began at 3,283 dollars.
```html
The traditional rising dynamics of gold, such as a decrease in global risk and geopolitical tensions, have led to a decline in the precious metal. Recently, the easing of tensions on the international stage has weakened investors' search for safe havens and significantly reduced demand for gold.
PEACE SIGNALS HAVE PUT THE BRAKES ON GOLD
Hopeful developments regarding peace in the war between Russia and Ukraine have led to a decrease in demand for safe havens among investors, causing a pullback in gold prices. On the other hand, the United States' efforts to ease tariffs in the trade war with China and the attempts of both parties to find common ground have also reduced the perception of risk in the market. The easing of the atmosphere of conflict between India and Pakistan has also reduced geopolitical risks, slowing the inclination towards gold.
THE STRENGTHENING DOLLAR WEAKENS GOLD
In addition to all these developments, the appreciation of the US dollar in global markets is putting pressure on the price of gold per ounce. The strengthening of the dollar is leading investors to turn to dollar assets instead of gold. Here is the latest situation in the precious metal after recent developments:
GRAM GOLD PRICES
Gram gold started the day at 4,092 lira. During the day, the lowest level tested was 4,061 lira, and the highest was 4,102 lira. As of 08:30, it is trading at 4,082 lira.
OUNCE GOLD PRICES
Starting the week at 3,283 dollars, ounce gold fluctuated between 3,259 and 3,292 dollars during the day. Currently, it is trading at 3,276 dollars.
GOLD PRICES IN THE GRAND BAZAAR
In Istanbul's Grand Bazaar, gram gold is being bought at 4,110 lira, while the selling price is at 4,159 lira.
```