11.10.2025 10:55
The announcement by U.S. President Donald Trump of a 100% additional tariff on China caused fluctuations in global markets. With an increase in demand for safe havens, the price of gold per ounce rose above $4,000 again, closing the week on an upward trend.
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The announcement by U.S. President Donald Trump that they will impose an additional 100% tariff on China has caused fluctuations in global markets. With the increase in demand for safe havens, the price of gold per ounce has risen above $4,000 again.
MARKETS SHAKEN BY TRUMP'S ANNOUNCEMENT
The announcement of an additional 100% tariff on China by U.S. President Donald Trump has led to sharp movements in global markets. After a volatile week, gold per ounce first broke the all-time record at $4,059, then fell to $3,947.
DEMAND FOR SAFE HAVENS INCREASED AGAIN
After the Israel-Hamas agreement, gold experienced a short-term decline due to decreased demand for safe havens, but although it dropped to around $3,990 during the day, it gained upward momentum again towards the end of the week. Following Trump's announcement, the price of gold per ounce increased by 1.28%, rising to $4,021. It is currently trading at around $4,016.
GEOPOLITICAL RISKS SUPPORTING GOLD
Analysts state that geopolitical tensions and trade wars will continue to support gold prices. The increase in global risk perception is leading investors to turn to gold as a safe haven.
UPDATED GOLD PRICES ON OCTOBER 11, SATURDAY
- Gram Gold: Buy 5,403.76 TL – Sell 5,404.54 TL
- Ounce Gold: Buy 4,018.32 USD – Sell 4,018.90 USD
- Quarter Gold: Buy 9,145.00 TL – Sell 9,270.00 TL
- Half Gold: Buy 18,290.00 TL – Sell 18,546.00 TL
- Full Gold: Buy 35,695.37 TL – Sell 36,409.46 TL
- Republic Gold: Buy 36,468.00 TL – Sell 36,928.00 TL
- Ata Gold: Buy 36,810.85 TL – Sell 37,749.69 TL
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