24.10.2025 09:50
Gold, after a nine-week rising streak, has started to decline this week. Preparing to close the week at around $4,110 with a loss of approximately 3.25%, all eyes are on the U.S. inflation data to be released today at 3:30 PM.
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After a 9-week rising streak, the global markets are preparing to close this week with a loss for gold. The trend that started on August 18 has given way to a decline due to profit-taking.
3.25% LOSS IN OUNCES OF GOLD
Closing last week at $4,252, the ounce of gold is trading around $4,110 on the last trading day of the week. The weekly loss is estimated to be approximately 3.25%. Analysts indicate that the $4,000 level is a critical support point.
GRAM GOLD STARTED THE DAY AT 5,560 TL
Gold investors in Turkey also started the week cautiously. As of October 24, 2025, gram gold is trading at 5,560 TL, and a quarter of gold is at 9,665 TL. The gram price, which closed last week at 5,727 TL, recorded a weekly decline of 2.75%.
EYES ON 15:30
The most critical agenda item in the gold market today will be the U.S. Consumer Price Index (CPI) data for September. The data will be announced at 15:30 Turkish time and will be decisive for the FED's year-end interest rate policy. Expectations are for inflation to rise by 0.4% month-on-month and 3.1% year-on-year. A data point that comes in above expectations could indicate that inflationary pressures are ongoing, potentially causing fluctuations in gold prices.
GEOPOLITICAL TENSIONS AFFECTING THE SEARCH FOR DIRECTION IN GOLD
The meeting expected next week between the leaders of the U.S. and China will determine the course of trade tensions. According to experts, a softening of relations could reduce safe-haven demand. Conversely, new sanctions by the U.S. against Russia keep the perception of geopolitical risk high.
ANALYSTS: $4,000 IS A CRITICAL SUPPORT
Analysts emphasize that if the $4,000 level is maintained in ounces of gold, it could revert to a long-term upward trend. In the short term, the inflation data coming from the U.S. is expected to be the most significant development determining the direction of both gram and ounce gold.
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