BIST 100's +2.42% Weekly Close: Impact of Gold and FX Markets

The BIST 100 index rose by 2.42% to close at 14,514.82, following a weekly range between 14,043.78 and 14,601.01. Gold markets also saw positive momentum; 24-karat gold per gram rose by 4.91% to 7,890 TL, while Sovereign gold increased by 4.93% to 46,262 TL. Quarter gold also surged by 4.92% to 11,614 TL from its previous close of 10,690 TL. These movements sparked interest among investors, reflecting short-term risk perceptions.

The market's performance can be attributed to Turkey's macroeconomic data aligning with expectations and stable signals from global markets. The surge in gold prices also mirrored volatility in FX markets. Next week's focus will be on how the markets react to upcoming U.S. data and the FED meeting.