28.08.2025 11:08
The price of gold per gram reached a historic peak of 4,488 TL. Approaching the critical threshold of 4,500 TL, gold is trading in the range of 4,465-4,515 TL in the Grand Bazaar, while a quarter gold is being sold for 7,352 TL. U.S. President Donald Trump's attempt to dismiss a member of the Federal Reserve and concerns about the independence of the central bank have increased the appeal of gold.
The price of gold per gram reached its historical peak of 4,488 TL on August 28, 2025. Thus, the gram price approached the critical threshold of 4,500 TL, while it was traded in the range of 4,465-4,515 TL in the Grand Bazaar. The quarter gold was sold for 7,352 TL in the morning hours.
WHY IS GOLD RISING?
U.S. President Donald Trump's attempt to dismiss a member of the FED and the increasing concerns about the independence of the central bank have raised political tensions in global markets. In an analysis by U.S. asset management company Schroders, it was noted that inflationary pressures and the loss of confidence in the long-term stability of the dollar have increased the appeal of gold.
EXPECTATIONS FROM ANALYSTS
Analysts emphasize that the perception that political pressure could jeopardize the independence of the FED has increased demand for gold. With the breaking of technical resistances, it is commented that the breaking of the 3,400 dollar level for gold on an ounce basis could be the beginning of a larger rise.
CRITICAL DATA COMING FROM THE U.S.
The personal consumption expenditures index (PCE) for July, which will be announced in the U.S. tomorrow, will provide clues about the course of inflation. It is expected that this data, closely monitored by the FED, will increase volatility in gold prices. While the probability of an interest rate cut for September is priced at 88%, uncertainty continues regarding the meetings in October and December.