02.11.2025 18:53
Sharp movements in gold prices continue to attract the attention of investors. In recent weeks, the price of gram gold, which set a record at 5,905 TL, fell to around 5,400 TL on Friday, while the ounce gold, which surpassed 4,380 dollars, also dropped to around 4,000 dollars. A new forecast has emerged for the price of gold in 2026, following the decline from its historical record level.
Gold prices continue to attract investors' attention with sharp movements.
FED'S 2026 INTEREST RATE CUT FORECAST HAS FALLEN
In the past week in the commodity markets, the flow of news regarding talks between the US and China has been the main determining factor in pricing, while the Federal Reserve's (Fed) interest rate decision and Fed Chairman Jerome Powell's statements have come to the forefront in precious metals.
Following Powell's statements, expectations for an interest rate cut at the Fed's December meeting weakened in the pricing of the money markets. The total forecast for interest rate cuts next year, which was 3, has decreased to 2. After these developments, the US 10-year Treasury yield finished the day at 4.10%, while the dollar index rose by 0.9% to 99.8.
THE DECLINE IN GOLD CONTINUES INTO THE SECOND WEEK
The price of gold per ounce has carried its decline, which started from the record levels seen last week, into the second week. In recent weeks, the gram gold, which set a record at 5,905 TL, fell to around 5,400 TL on Friday, while the ounce gold, which exceeded 4,380 dollars, dropped to around 4,000 dollars.
"GOLD PRICES MAY FALL MORE NEXT YEAR"
In an assessment regarding gold prices, Hamad Hussain, Climate and Commodity Economist at Capital Economics, stated that the decline in gold prices may be due to a decrease in speculative activities as it is understood that the rally in gold is unsustainable.
Hussain noted, "It is expected that the Fed may cut the policy interest rate less than the markets anticipate next year, and concerns about the Fed's independence may decrease. Considering these factors, gold prices may decline further next year."