24.04.2026 11:54
US President Donald Trump's 'fire' order upset gold prices. As global tensions rise, gold prices are set to close the week with a 3% decline after a 4-week rally. Currently, an ounce of gold is trading at $4,684, a gram of gold at 6,779 Turkish Lira, and a quarter gold coin at 11,088 Turkish Lira.
US President Donald Trump's "shoot" order regarding developments in the Strait of Hormuz caused severe fluctuations in global markets. Trump announced that he ordered the US Navy to strike all boats laying mines in the strait, rapidly escalating tensions in the region.
In his statement, Trump said, "I have ordered the US Navy to strike any boats laying mines in the Strait of Hormuz. There will be no hesitation. Our mine-clearing ships are currently clearing the strait."
4-WEEK RALLY ENDS
Increasing geopolitical risks in the Middle East and expectations of a rise in energy prices have triggered global inflation concerns. While these developments limited the shift toward gold, seen as a safe haven, a downward trend in prices came to the fore.
Closing at $4,829 last Friday, the weekly loss in ounce gold is heading toward a 3% decline. Thus, for the first time in its 4-week rally, ounce gold is moving toward the possibility of closing the week with a loss.
OUNCE GOLD
Entering the last trading day of the week, ounce gold started the day at $4,700. Testing the lowest level of $4,658 and the highest level of $4,711 during the day, ounce gold is currently trading at $4,684.
GRAM GOLD
Domestically, gram gold also declined in line with global prices. Starting the day at 6,778 lira, gram gold moved within a range of 6,740 lira to 6,816 lira during the day. Gram gold is finding buyers at 6,764 lira in recent transactions.
QUARTER GOLD
Starting the day at 11,084 lira, quarter gold tested the lowest level of 11,020 lira and the highest level of 11,145 lira during the day. Quarter gold is currently trading at 11,088 lira.