30.09.2025 10:31
Gold prices continue to break records amid the looming threat of a government shutdown in the United States. In the new day, the price of gold per ounce surpassed $3,867, while the price of gold per gram reached a historic peak of 5,170 TL. Experts discussing the sharp movements in gold stated, "It will either make a sharp decline or a global crisis will emerge."
Concerns about the potential shutdown of the U.S. government and strengthening expectations for interest rate cuts have led investors to seek safe havens. Gold prices have reached record levels.
GRAM GOLD RISES TO 5,165 LIRA
Gold, which increased by 12% in September, experienced its strongest rise in the last 14 years. Gram gold started the day with an increase and is trading at 5,170 lira with a gain of 0.8% as of 09:20.
Following the increase in the ounce price yesterday, gram gold finished the day at 5,126 lira with a 2% premium. A quarter gold is sold for 8,650 lira, while the Republic gold is priced at 34,450 lira.
OUNCE PRICE REACHED HISTORICAL LEVEL
Today, the ounce gold price reached its historical peak at 3,871.7 dollars. Currently, it is at 3,865 dollars with an increase of 0.8%.
REASONS FOR THE RISE
Increasing concerns about the potential shutdown of the federal government in the U.S. and strengthening expectations for interest rate cuts have led to a surge in demand for safe havens, resulting in sharp increases in gold prices.
DATA CALENDAR OF THE DAY
Analysts state that domestic unemployment rate and foreign trade balance data will be followed, while abroad, the unemployment rate and CPI in Germany, the New York Fed Consumer Confidence Index in the U.S., and a speech by ECB President Christine Lagarde will be monitored.
From a technical perspective, resistance levels for ounce gold are at 3,900 dollars, and support levels are at 3,700 dollars.
"GOLD WILL EITHER DROP SHARPLY OR A GLOBAL CRISIS WILL OCCUR"
Experts have warned that the sharp increases seen in ounce gold are not normal. The expert stated that the volatility in ounce gold signals risk for the markets, saying, "The sudden sharp rise in ounce gold is not a good sign at all. It is breaking resistance levels one by one. It is making sharp rebounds after every correction."
Pointing out the technical indicators, the expert said, "It will either drop sharply or a global crisis will occur."