22.09.2025 09:10
Gold prices continue to hover near historical peaks ahead of the inflation data to be released by the FED this week and the speeches by officials. Gram gold started the week with a record, reaching levels of 4920 lira, and is currently trading at around 4912 lira.
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The eyes are on the inflation data to be announced this week and the messages from Fed officials, following the interest rate cut by the Federal Reserve (Fed) last week. Before these developments, gold prices are trading near historical peaks.
Spot gold rose to $3,688.76 per ounce, up 0.1%. Last Wednesday, it reached an all-time high of $3,707.40. U.S. futures gold contracts also gained 0.5%, rising to $3,723.70.
GRAM GOLD REACHED A PEAK OF 4,920 LIRA
In the domestic market, the gram price of gold started the new week with a record. Gram gold saw a peak of 4,920 lira, while currently trading at 4,912 lira, up 0.2%.
"GOLD IS ONCE AGAIN AT THE DOORSTEP OF 3,700 DOLLARS"
KCM Trade Chief Market Analyst Tim Waterer stated, "Gold is once again at the doorstep of $3,700. If the macroeconomic data from the U.S. supports the Fed's dovish stance, new records may be seen this week."
ALL EYES ON THE DATA TO BE ANNOUNCED ON FRIDAY
Investors are focused on the core personal consumption expenditures (PCE) index, which is considered the Fed's inflation indicator. The data is expected to be announced on Friday. Waterer emphasized that the Fed's dovish approach and central banks' gold purchases continue to support prices.
This week, at least 12 officials, including Fed Chairman Jerome Powell, will speak. Markets will look for clues about the future of monetary policy from these statements. Last week, the Fed cut the policy rate by 25 basis points while also highlighting the persistence of inflation. New Fed Governor Stephen Miran announced that he voted for a stronger rate cut.
In the markets, there is a prevailing expectation of two more cuts of 25 basis points each in October and December. According to the CME FedWatch Tool, the probabilities for these cuts are 93% and 81%, respectively.
SILVER NEAR 14-YEAR HIGH
Gold generally performs strongly in a low-interest-rate environment. This year, geopolitical risks, economic uncertainties, central bank purchases, and interest rate cuts have led to prices rising by more than 40%.
Spot silver rose 0.3% to $43.20 per ounce, maintaining its position near a 14-year high. Platinum fell 0.4% to $1,398.40, while palladium rose 0.1% to $1,150.75.
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