11.03.2025 08:52
Recently, gold, which has frequently made headlines with record highs, is now facing discussions of a potential collapse scenario. As comments suggesting that U.S. President Donald Trump's unwavering stance on trade wars could trigger inflation were somewhat validated, gold remained stable. Now, a collapse scenario is being discussed for the precious metal.
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US President Donald Trump, as he promised BEFORE BECOMING PRESIDENT, imposed additional tariffs on foreign countries as soon as he came to power. The new practice, which includes Canada along with China and European countries, is causing concern for the US economy as well. Trump's acknowledgment in an interview yesterday that he would not deny this reality for the first time, and his acceptance that the new tariffs could exacerbate inflation while pushing the economy into stagnation, created a sense of unease in the markets.
TRUMP CONTINUES TO DEFEND ADDITIONAL TAXES
Trump stated, "There is currently a transition period because what we are doing is very big. We are bringing wealth back to America. This is a very important thing. There are always periods that take a little time." Regarding whether the tariffs would fuel inflation, Trump emphasized that they could affect inflation, but interest rates have also fallen.
GOLD PRICES TURNED THEIR EYES TO NEW ANNOUNCEMENTS FROM THE US
The safe-haven gold investor became uneasy with Trump's statements. While sharp sales in American stock markets caused a decline, the euro maintains its strong position against the dollar, reaching record levels last week. Experts reported that the dollar being under pressure could push gold prices up, but uncertainties are preventing this. Some comments in the American media suggested that a rising dollar could weaken the demand for safe-haven gold, potentially preparing a collapse scenario for gold prices.
GRAM GOLD PRICES
Gram gold started the day at 3395 lira. During the day, the lowest level seen was 3387 lira, and the highest was 3411 lira. Currently, it is being traded at 3406 lira.
GOLD PRICES IN THE GRAND BAZAAR
In the Grand Bazaar, gram gold is being bought at 3434 lira and sold at 3478 lira.
ONS GOLD PRICES
Ons gold started the day at 2888 dollars. During the day, the lowest level seen was 2880 dollars, and the highest was 2900 dollars. Currently, it is being traded at 2896 dollars.
NOTE: This news content is not investment advice.
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