01.12.2025 09:05
The upward momentum in the gold market has gained speed. Gram gold started the week with a rapid increase, reaching 5,812 TL, marking the highest level in the last five weeks. The market's focus is on global developments and the messages coming from the FED.
The upward trend in the gold market gained momentum on the first trading day of the week. Gram gold rose to 5,812 TL, marking the highest value in the last five weeks. The market's focus is on global developments and the messages from the FED.
In global markets, spot gold rose to $4,254 as the likelihood of a rate cut by the U.S. Federal Reserve (FED) strengthened. This level is the highest value that spot gold has seen since October 21. Spot gold, which set a historical record at $4,381 in October, is currently trading about 3% below this peak.
RATE CUT EXPECTATIONS SHAPING THE MARKET
According to CME's FedWatch data, U.S. interest rate futures are pricing in a 87% probability of a rate cut in December. Recent dovish statements from FED Governor Christopher Waller and New York Fed President John Williams, along with weak economic data following the government shutdown, have strengthened the possibility of a rate cut this month.
HASSETT'S NAME EMERGES FOR FED CHAIRMANSHIP
White House economic advisor Kevin Hassett stated that he would be pleased to serve as the next chairman of the FED if approved by President Donald Trump. Like Trump, Hassett is among those who argue that interest rates should be lower.
DATA FLOW IN FOCUS FOR INVESTORS
Experts point out that gold, which does not yield interest, performs better in low-interest environments, noting that the U.S. manufacturing data and private sector employment figures to be released this week will be decisive for the markets. The U.S. dollar is hovering near its lowest levels since November 17, making dollar-denominated gold more attractive for investors using other currencies.
THE TREND OF OTHER PRECIOUS METALS
Platinum prices fell by 0.2% to $1,669.15, while palladium rose by 2.3% to $1,483.51.