Here’s a great start to the new week! Here’s the latest on gold prices.

Here’s a great start to the new week! Here’s the latest on gold prices.

20.10.2025 10:50

Gold prices started the new week at record levels. Due to the impact of US-China trade tensions and global uncertainties, gold reached $4,308 per ounce, while the price of gold per gram exceeded 6,000 TL. Experts indicate that the increase may continue in the coming period as demand for safe-haven assets rises.

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The renewed escalation of trade tensions between the US and China, along with the uncertainty created by the risk of a federal government shutdown, has directed investors towards gold, which is seen as a safe haven. While global markets are testing record levels for gold, the price of gold per gram has also exceeded 6,000 lira, reaching all-time highs.

STARTED THE NEW WEEK WITH AN INCREASE

Starting the first trading day of the week at 5,751 TL, the price of gold per gram rose to 6,125 TL in the Grand Bazaar. The quarter gold is trading at 9,995 TL, while the ounce of gold is trading around 4,251 dollars after testing 4,308 dollars.

THE IMPACT OF THE FED AND TRUMP

The rise in gold prices has been influenced by the cautious messages regarding interest rates from Fed Chairman Jerome Powell and President Donald Trump's emphasis on a "fair trade agreement" with China. Trump stated, "Our relationship with China will be good, but we need to reach a fair agreement."

EXPERTS: THE RISE WILL CONTINUE

Rory Hunter, portfolio manager at SG Hiscock & Co., indicated that the rally in gold prices will continue in the coming period. Hunter said, "Small-scale gold companies still offer attractive investment opportunities."

MAJOR BANKS RAISE TARGETS

Goldman Sachs raised its gold price forecast for 2026 from 4,300 dollars to 4,900 dollars, while JPMorgan CEO Jamie Dimon warned that "the price of gold could rise to 5,000 or even 10,000 dollars."

ANZ Bank predicted that the ounce of gold will reach a new peak of 4,600 dollars by mid-2026.

SAFE HAVEN EFFECT IS STRENGTHENING

According to experts, as geopolitical risks and global economic fluctuations continue, gold will remain a "safe haven" for investors.



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