20.08.2025 12:27
Gold prices have fallen to a three-week low. While the price of gold per ounce tested $3,313, the price of gold per gram dropped to 4,355 TL. As geopolitical risks decrease and uncertainty surrounding the Fed weighs on prices, analysts indicate that the $3,311 level is critical, and all eyes are on Powell's speech at Jackson Hole regarding gold.
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Gold prices continue to decline under the influence of global developments. The acceleration of diplomatic efforts to end the Russia-Ukraine war and the uncertainty regarding the messages that Fed Chairman Jerome Powell will deliver at the Jackson Hole meeting have put pressure on gold.
GOLD OUNCES AT THE LOWEST LEVEL IN 3 WEEKS
In yesterday's transactions, gold ounces lost 0.52% in value, closing at $3,315. Today, the ounce, which tested $3,313, is seeking balance around $3,318 in the morning hours. Thus, the gold ounce has both declined to the lowest level in the last 3 weeks and approached the critical 100-day average ($3,311).
WARNING FROM ANALYSTS
Experts point out that if the 100-day average is broken downwards, selling pressure may increase. In this case, a pullback to $3,270 in ounces is anticipated. On upward movements, the $3,345-$3,375 band is indicated as a resistance level.
GRAM GOLD REACHED 4,355 TL
As of August 20, 2025, the gram gold price in the spot market has declined to 4,355 TL, marking its lowest level since August 1. In the morning hours, gram gold was traded at 4,364 TL, while in the Grand Bazaar, it is bought and sold in the range of 4,365-4,315 TL. A quarter gold is sold at the level of 7,205 TL.
GEOPOLITICAL RISKS AND FED UNCERTAINTY
Although no clear result emerged from the meetings between U.S. President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders, progress in the process leading to a ceasefire has weakened the perception of geopolitical risk. This situation has reduced the appeal of gold, which had risen due to safe-haven demand.
On the other hand, the weak employment data released in the U.S. and the dilemma created by high inflation have made the Fed's next three meetings critical. While markets expect a 25 basis point interest rate cut in September, attention is turned to Powell's statements for the next steps.
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