14.05.2025 16:50
The mutual reduction of customs tariffs between the USA and China, the possibility of a ceasefire between Russia and Ukraine, and finally, the fact that the US inflation figures came in below expectations have led to a decline in safe-haven prices. As of 16:01 today, the price of gold per gram has decreased to 3,967 lira, reaching its lowest level since April 11.
The trade war between the US and China, which keeps the risk perception high in global markets, has softened with a temporary truce, and the demand for gold, seen as a safe haven by investors, has started to decline. The parties agreed to reduce mutual tariffs for 90 days. This development has accelerated the ongoing decline in the price of gold per ounce by reducing the recently escalating geopolitical tension.
TEMPORARY CEASEFIRE IN TRADE RELAXES MARKETS
The high tariffs announced by US President Donald Trump in April were reshaped as a result of negotiations with China. With the agreement of the parties, the tariffs imposed by the US on China were reduced from 145% to 30%, while the tariffs imposed by China on the US were reduced from 125% to 10%. It was reported that this temporary arrangement would be valid for 90 days.
Trump's statements suggesting that a permanent agreement could be reached after 90 days were perceived by the markets as an optimistic step. This situation led to a decrease in the demand for gold as a safe haven due to the reduction of geopolitical risks.
HERE ARE THE CURRENT GOLD PRICES
The price of gold per ounce, which broke records at around 3500 lira in April, entered a downward trend yesterday with the US inflation data being announced below expectations. The safe haven experienced a larger decline today. As of 16:01 today, the gram of gold fell to 3967 lira, reaching its lowest level since April 11. The ounce of gold also lost more than 2% of its value, dropping to 3184 dollars.