Safe-Haven Rotation: Gold and BIST 100 Lead Weekly Asset Performance

As the yield spread between asset classes widened on a weekly basis, investors' search for inflation hedges and yield brought sharp upward movements in both equity markets and precious metals. While the BIST 100 index maintained its strong stance despite fluctuations in global risk appetite, the sharp rise in Grand Bazaar gold prices was recorded as the most remarkable market movement of the week.

Equities Maintain Upward Momentum: New Thresholds in BIST 100

With the buying trend sustained in domestic equity markets, the index tested critical resistance levels and closed the week in positive territory.

■The BIST 100 index tested a weekly low of 14,043.78 points and a high of 14,601.01 points.

■The index closed at 14,514.82 points, gaining 2.42% on a weekly basis.

Grand Bazaar Gold Rally: Record Levels in Precious Metals

Safe-haven demand triggered by geopolitical risks and macroeconomic uncertainties pushed gold prices to new highs in the domestic market.

■The selling price of 24-carat gold bullion rose by 4.91% this week to 7,089 liras.

■The selling price of the Republican gold coin reached 46,262 liras, up 4.93%.

■The quarter gold coin found buyers at 11,614 liras, with a weekly gain of 4.92%.

Relative Calm in Forex and Fund Markets: Performance Breakdown

While limited upward movements were observed in foreign exchange rates, investors' preferences in the fund market remained heavily focused on precious metals.

■The US dollar closed the week at 48.0640 liras (+0.38%), while the Euro rose by 1.25% to 56.1800 liras.

■Mutual funds gained an average of 0.85%, while pension funds appreciated by 1.53%.

■Among fund categories, the highest return was achieved by "Precious Metals Funds" with 2.58%.

Algorithmic trading (HFT) and interest rate path expectations in the swap markets are closely monitoring this volatility in the gold and forex legs. The nearly 5% surge in gram gold is driven by the combined effect of the global ounce pricing and intense domestic physical demand, rather than mere currency pass-through. The persistence of the BIST 100 above 14,500 indicates that the equity market remains a primary choice in the search for alternative yields, even as uncertainties regarding the timing of expected rate cuts in swap markets persist. The concentration of HFT bot orders around the 14,600 resistance level suggests that volatility will remain high in the coming week.