25.09.2025 10:31
Investors who have been frequenting jewelers to invest in gold over the past week have been disappointed with the recent drop in prices. As the price of gold per gram fell below 5,000 lira, all eyes are now on the inflation data expected from the United States.
In the free market, the price of gram gold has fallen below 5,000 lira in parallel with the pullback in the ounce price. In the morning hours, gram gold was trading at 4,975 lira and is trying to hold above the critical threshold. In the Grand Bazaar, however, gram gold is still above 5,000 lira; it is currently being sold for 5,149 lira.
SIGNAL OF A RATE CUT FROM THE FED
San Francisco Fed President Mary Daly recalled her support for the interest rate cut decision made last week, stating that new cuts could be on the agenda in the coming period. Ilya Spivak, Head of Global Macro at Tastylive, noted that the volatility in gold reflects the expectation that the Fed is ready to stimulate the economy. Spivak said, "3,700 and 3,600 dollars are the first support levels. If 3,790 dollars is exceeded, the 3,870–3,875 range and then 4,000 dollars could become targets."
EYES ON INFLATION DATA
The markets are focused on the personal consumption expenditures (PCE) price index to be announced on Friday. According to a Reuters survey, the index is expected to rise by 0.3% month-on-month and 2.7% year-on-year in August. Brian Lan, General Manager of GoldSilver Central, stated that as long as the inflation figures do not come in too high, they will have a limited impact on gold, and the long-term direction is still upward.
LABOR MARKET DATA AND INTEREST RATE EXPECTATIONS
The weekly unemployment claims to be announced today will signal the strength of the U.S. labor market. The general expectation is that the Fed will make two more interest rate cuts of 25 basis points each in October and December. Gold, which stands out as a safe haven during low-interest periods, reached an all-time high of 3,790.82 dollars on Tuesday.
OTHER PRECIOUS METALS
- Spot silver rose by 0.1% to 43.97 dollars.
- Platinum traded at 1,477.94 dollars, up 0.4%.
- Palladium increased by 0.2% to 1,211.84 dollars.