21.10.2025 17:50
Gold prices fell sharply as investors turned to profit-taking following expectations that the trade war between the U.S. and China would soften. The price of gold per ounce dropped by over 3%, reaching $4,174, while the price of gold per gram decreased from 5,873 Turkish lira to 5,614 Turkish lira during the day.
After signals that the trade war between the USA and China may soften, investors sold off, leading to a sharp decline in gold prices. Gram gold lost 259 lira in value during the day, while the ounce of gold also fell by more than 3%.
FIRST RECORD, THEN DECLINE
Yesterday, the ounce of gold rose to 4,381 dollars, breaking the all-time record, but today it quickly lost value as investors turned to profit-taking following a decrease in concerns about the US-China trade war. Later in the day, the ounce of gold fell by more than 3%, reaching a level of 4,174 dollars. Since the morning session, a decline of 180 dollars has been experienced.
GRAM GOLD FELL 259 LIRA IN HOURS
Domestically, gram gold rose to 5,873 lira in the morning hours, but fell to 5,614 lira by the evening session. Thus, gram gold caused a loss of 259 lira to its investors during the day.
OVER 62% INCREASE SINCE THE BEGINNING OF THE YEAR
However, the precious metal still provided high returns to its investors throughout the year. According to analysts, the ounce of gold has gained over 62% in value since the beginning of the year due to factors such as economic uncertainties, geopolitical risks, central bank purchases, and a weakening dollar.
EYES ON US INFLATION DATA
Analysts noted that the focus of the markets is on the US inflation data to be released on Friday. Expectations indicate that the annual inflation in the world's largest economy is projected to be 3.1% in September. This expectation strengthens the likelihood that the US Federal Reserve (Fed) will cut interest rates by 25 basis points at its meeting next week.