Gold Prices Rise with Geopolitical Tensions

Gold prices are continuing to rise with the increasing geopolitical tensions in the Middle East. Yesterday, the gram gold price lost value in parallel with the decrease in ounce price and completed the day with a 1.3% decrease from the previous closing at 6,183 lira. The gram gold, which started the day with buying, is trading at 6,216 lira with an increase of 0.5% compared to the previous closing as of 09:50. At the same time, quarter gold is being sold for 10,240 lira, and Cumhuriyet gold is being sold for 40,807 lira. The increase in oil prices has brought inflationary pressures back to the agenda, while changes in expectations regarding monetary policies of central banks are also being closely monitored. Analysts stated that possible hints in the minutes could help provide more clarity on monetary policy, and that evaluations on the interest rate path could increase volatility in the markets. The 36th NATO Summit will also be closely followed today, and analysts stated that the data calendar in Turkey is calm, while the minutes of the Fed meeting and wholesale inventory data in the US will be followed abroad. The increase in gold prices is driven by geopolitical tensions and the minutes of the Federal Open Market Committee (FOMC) of the US Federal Reserve. The minutes are expected to provide more clarity on monetary policy. Investors are focusing on the minutes of the Federal Open Market Committee (FOMC) of the US Federal Reserve, which will be released today. Analysts stated that possible hints in the minutes could help provide more clarity on monetary policy, and that evaluations on the interest rate path could increase volatility in the markets. Conclusion and Analysis: The increase in gold prices is driven by geopolitical tensions and the minutes of the Federal Open Market Committee (FOMC) of the US Federal Reserve. The minutes are expected to provide more clarity on monetary policy. Investors are focusing on the minutes of the Federal Open Market Committee (FOMC) of the US Federal Reserve, which will be released today.