03.03.2026 22:13
After the rising tensions in the Middle East, the trend in gold, which had seen sharp increases, reversed. Spot gold had tested the level of $5,379 due to the actions of the U.S. and Israel. Gold prices lost about 3% in value due to selling pressure that came in the afternoon.
Global markets continue to be shaken by reports of hot conflicts from the Middle East. The increase in airstrikes by the US and Israel against Iran and the possibility that the conflicts could turn into a prolonged regional war have led investors to flee risky assets and turn to gold, which is seen as a safe haven.
GOLD LOST 3 PERCENT
Spot gold had climbed to $5,379 in the morning hours, stabilizing at around $5,372 with a 0.75 percent increase compared to the previous day. Gold prices then began to decline during the day. In the evening hours, the price of gold per ounce fell by nearly 3 percent compared to the previous day, dropping to $5,175.
GRAM GOLD FELL TO 7,250 TL LEVELS
Gram gold had climbed to 7,607 TL in the morning hours, trading at 7,593 TL with a 0.73 percent increase compared to the previous day. Gram gold then declined along with the drop in the ounce price and fell to around 7,250 TL in the evening hours.