20.05.2026 08:30
Rising geopolitical risks in global markets, uncertainties in the Middle East, and the Fed's continued cautious stance on interest rate cuts have increased pressure on gold prices. Gold fell to $4,456 per ounce, its lowest level in the last two months.
Rising geopolitical risks in global markets, the increase in oil prices, and the Fed's cautious stance on interest rate cuts led to a sharp decline in gold prices. Spot gold fell to its lowest level in two months, while the US 30-year bond yield reached its highest level since 2007.
SPOT GOLD FELL BELOW 4,500 DOLLARS
The downward trend in gold continues in global markets. Spot gold closed the previous trading day at 4,482 dollars, with a loss of 1.84 percent. Thus, the precious metal closed below the 4,500 dollar level for the first time since March 27.
Continuing its decline in the morning hours of May 20, 2026, spot gold fell to 4,456 dollars, testing its lowest level in the last two months.
EXPERTS POINTED TO THE CRITICAL SUPPORT LEVEL
Market experts stated that the 4,360 dollar level, where the 200-day moving average is located, stands out as a critical support point in terms of technical outlook. It is assessed that if this level is breached, selling pressure could increase further.
GRAM GOLD HIT ITS LOWEST LEVEL IN MAY
The decline in spot gold also affected gram gold prices in the domestic market. In the spot market, gram gold started the day at 6,545 TL. Falling to 6,533 TL during the day, gram gold saw its lowest level in May.
In the Grand Bazaar, physical gram gold was traded at 6,595 TL, while the quarter gold price was traded at 10,750 TL.
US BOND YIELDS AT 2007 PEAK
Among the most important reasons for the pressure on gold prices are rising oil prices and the increase in US bond yields. The US 30-year bond yield rose to 5.18 percent, reaching its highest level since July 2007.