Gold Rises as Geopolitical Risks Ebb: Gram Gold Surges to 6,237 Lira

Gold markets opened the week with strong bullish momentum, driven by a recovery in risk appetite and de-escalating tensions on the US-Iran front, with gram gold climbing to 6,237 lira to initiate a new pricing phase.

Geopolitical Thaw and Impact on Bond Yields

The de-escalation of tension in the Middle East and the subsequent pullback in oil prices alleviated inflationary concerns, triggering a decline in bond yields. This macroeconomic shift boosted demand for precious metals viewed as safe havens.

■Ounce gold is trading at $2,095, up by 1% during the day.

■Claims that US President Donald Trump did not approve additional attack plans against Iran and statements from Iran indicating no retaliation have relaxed the markets.

■The decline in bond yields increased the relative attractiveness of non-yielding assets like gold.

Investor Focus: Data Flow and Technical Levels

With a quiet domestic data agenda, investors are focused on signals from external markets. Technically, the upward movement in gram gold indicates that critical resistance levels are being tested.

■Gram gold is finding buyers at 6,237 lira, up 1.12% from the previous close.

■Quarter gold is offered at 10,244 lira, while Republic gold is at 40,825 lira.

■Germany's Ifo business climate index, US durable goods orders, and the Dallas Fed manufacturing index are among the key macro data being monitored today.

As markets price in the reduction in geopolitical risk premium and experience short-term relief, technical indicators show that the sustainability of ounce gold above the $2,100 resistance is of critical importance. Our algorithmic models indicate that the downward movement in bond yields supports gold momentum, but RSI indicators advancing toward the short-term overbought zone signal a potential correction probability.