16.02.2026 08:22
The inflation data released in the US has increased hopes for interest rate cuts, while the rise in the dollar has pulled gold prices down on the first trading day of the new week. Gold fell by 1.1% to $4,975 per ounce, while gram gold dropped to 6,995 lira.
While the inflation data in the US came in below expectations, increasing hopes for interest rate cuts, the rise in the dollar index pulled gold prices down on the first trading day of the new week. Geopolitical risks continue to remain on the market's radar.
GRAM GOLD DROPPED TO 6 THOUSAND 995 LIRA LEVEL
Spot gold, which showed a strong performance with a 2.5% increase in the last session, started the week with a decline. The price of gold per ounce fell by 1.1% to 4 thousand 975 dollars. Following the decline in the ounce gold, a decrease was also observed in gram gold. Gram gold started the new week with a 1.1% drop, falling to the level of 6 thousand 995 lira.
DOLLAR INDEX INCREASED
The rise in the US dollar index made gold priced in dollars more expensive for investors using other currencies, putting pressure on prices.
INFLATION DATA REMAINED BELOW EXPECTATIONS
According to data from the US Department of Labor, the Consumer Price Index (CPI) increased by 0.2% in January. This increase was below economists' expectations of 0.3%. In December, the price increase was recorded at 0.3%. The inflation data that came in below expectations strengthened the expectations that the US Federal Reserve (Fed) may cut interest rates. Market participants anticipate a total of 75 basis points in interest rate cuts this year, with the first cut expected to occur in July. Gold, which does not yield interest, generally becomes more attractive in low-interest environments.
NEW SIGNAL OF A NEW ERA AT THE FED
On the other hand, it was noted that Randall Guynn, who has a background on Wall Street, is expected to be appointed as the new director responsible for oversight and regulation at the Fed. This appointment is considered a critical step in the oversight of the banking sector. Markets are also closely monitoring geopolitical developments. Two US officials speaking to Reuters stated that the US military is preparing for operations against Iran that could last for weeks at the instruction of President Donald Trump. It is expressed that this scenario could lead to a more serious conflict than what has been seen between the two countries so far.
CURRENT STATUS OF SILVER, PLATINUM, AND PALLADIUM
In other precious metals, a mixed trend was observed. Spot silver fell by 0.6% to 76.92 dollars after rising by 3% on Friday. Platinum decreased by 0.4% to 2 thousand 54.35 dollars, while palladium increased by 0.4% to 1,692.23 dollars.