26.08.2025 19:52
Gold rose following U.S. President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. The price of gold per gram is trading at 4,452 Turkish lira, while a quarter gold coin is priced at 7,300 lira, and a Republic gold coin is selling for 29,080 lira. As risk perception increases in global markets, demand for gold as a safe haven is rising.
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The gram of gold completed yesterday at 4,436 lira, which is 0.1% below the previous closing. The gram price of gold, which started the new day with an increase, is at the level of 4,452 lira as of 09:50, with a 0.4% increase compared to the previous closing. The quarter gold is sold at 7,300 lira, and the Republic gold is sold at 29,080 lira.
GOLD'S OUNCE STARTED THE DAY WITH AN INCREASE
The ounce of gold is trading at 3,376 dollars, with a 0.3% increase after starting the day with an increase. The dismissal of Lisa Cook, a member of the U.S. Federal Reserve Board, by U.S. President Donald Trump, and new tariff threats are affecting asset pricing.
TRUMP'S WORDS INCREASED RISK
Regarding tariffs that have been on hold for a while, Trump announced that he would impose additional tariffs on countries that implement a digital services tax if they do not remove these practices, and that the U.S. would impose restrictions on the export of its highly protected technology and chips to these countries. Additionally, Trump stated that China must provide magnets to the U.S., otherwise they would have to impose a 200% customs duty or something similar.
On the other hand, Trump reiterated that he would impose heavy sanctions on Russia if they are not willing to make an agreement with Ukraine, saying, "We will see what happens in the next week or two, (if there is no agreement) then I will intervene very strongly." These developments have caused the perception of risk in global markets to rise again, increasing the demand for gold as a safe haven.
3,380 DOLLARS RESISTANCE IN OUNCE PRICE
Analysts stated that today, domestic sectoral inflation expectations, and abroad, durable goods orders, housing price index, Richmond Fed manufacturing index, and New York Fed consumer confidence index in the U.S. will be monitored, noting that technically, the resistance level for the ounce price of gold is 3,380 dollars, and the support level is 3,330 dollars.
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