Gold Near Six-Month Peak: Testing 6,978 TL

Gold has climbed to a level close to its two-month high, driven by falling U.S. Treasury yields and a weakening dollar.

U.S. Treasury Sell-Off Fuels Gold Rally

■6,978 TL: One gram of gold tested the highest level in the last four months.

■4,500 USD: Spot gold hovered near a two‑month peak.

■4,569.80 USD: December U.S. gold futures rose by 0.6%.

Dollar Weakens, Liquidity Boosts Demand

The U.S. Treasury doubled liquidity support for long‑term Treasury buybacks, pushing yields lower and boosting demand for the non‑yielding asset.

Market Reaction: Investors Eye Gold

Gold surged over 4% on the previous trading day. Spot gold reached a 2‑June high of 4,525.79 USD before stabilizing around 4,512.19 USD.

Outlook: Liquidity and Currency Dynamics

Liquidity support and a weaker dollar are sustaining gold at these elevated levels. Investors continue to seek safe‑haven assets amid risk‑off sentiment.

Gold’s rally is bolstered by falling long‑term Treasury yields and the dollar’s weakness, amplifying demand for the yield‑free asset.

Gold’s persistence at these levels underscores a continued preference for risk‑off positioning among investors.