14.10.2025 12:15
The increasing trade tensions between the US and China, along with expectations that the Fed will cut interest rates, have driven gold prices to record levels. The ounce of gold reached a record high of $4,179, while the gram of gold hit a record of 5,619 TL. The French banking giant stated that "the price of gold appears ready to rise by another $1,000 in a short period."
The possibility of a new trade war between the USA and China, along with expectations that the US Federal Reserve (Fed) will cut interest rates, has pushed gold prices to a historic high.
GOLD OUNCE
The gold ounce started the day at $4,111. During the day, the lowest level seen was $4,106, and the highest was $4,179. Currently, it is trading at $4,123.
GRAM GOLD
The gram gold started the day at 5,525 lira. During the day, the lowest level seen was 5,521 lira, and the highest was 5,619 lira. Currently, it is finding buyers at 5,540 lira.
200 TL INCREASE IN GRAM GOLD SINCE FRIDAY
In Turkey, gram gold prices have also reached a new peak of 5,619 TL in the morning hours, parallel to the global rise. Gold has gained a total of 58.6% in value since the beginning of the year. The increase since Friday has exceeded 200 TL.
TRUMP'S STATEMENTS SHOOK THE MARKETS
US President Donald Trump announced last week that he might impose new tariffs on Chinese goods and tighten export controls. This statement reduced risk appetite in global markets, directing investors towards gold as a safe haven.
The Beijing administration announced that it would take "countermeasures" if Trump continues this policy. This development strengthened concerns that the trade war between the two countries could reignite.
EXPECTATION FROM THE FED: INTEREST RATE CUT
Markets have started to price in the expectation that the Fed will cut interest rates in the upcoming period. Analysts state that the increasing likelihood of an interest rate cut supports gold prices, but volatility will continue during this process.
Experts advise investors to avoid short-term trading in response to sudden price movements.
GOLD FORECAST FROM BANK OF AMERICA
Bank of America analysts expect gold to reach $5,000 by 2026, while Standard Chartered has raised its average forecast for next year to $4,488.
"WE BELIEVE THIS RISE IS PERMANENT"
Suki Cooper, Head of Global Commodity Research at Standard Chartered Bank, stated, "We believe this rise is permanent. However, a short-term correction would be healthier for a long-term upward trend."
FRENCH BANK: READY TO RISE ANOTHER $1,000 IN A SHORT TIME
French Societe Generale also predicted that gold could reach $5,000 per ounce by the end of next year, even in a conservative medium-term projection. In the latest commodity research report published by the French banking giant earlier this week, it was stated that "the gold price appears ready to rise another $1,000 in a short time."