Gold Faces Sharp Weekly Retreat Amid Geopolitical Volatility and Inflation Fears

Gram gold opened the session at 6,060.82 TL, while ounce gold retreated to the $3,989.54 level, triggering a sharp weekly sell-off across precious metal markets.

The Petrol-Inflation Nexus

Escalating tensions between the U.S. and Iran have driven oil prices higher, inadvertently creating a headwind for gold. The resulting surge in energy-driven inflation expectations is reinforcing interest rate hike scenarios, exerting significant downward pressure on non-yielding assets.

Weekly Contraction and Market Snapshot

Gold prices have experienced their most significant correction in the last 6 weeks, with ounce gold seeing a weekly decline exceeding 3%. The current market pricing is as follows:

■Ounce gold weekly loss: Over 3%

■Gram Gold: 6,060.82 TL

■Quarter Gold: 9,956.00 TL

■Half Gold: 19,923.00 TL

■Full Gold: 39,525.03 TL

■Republic Gold: 39,658.00 TL

■Gremse Gold: 99,115.68 TL

While gold remains a cornerstone of wealth management, the current correlation between energy prices and interest rate expectations suggests a period of heightened volatility. Investors should monitor central bank signaling closely, as the interplay between geopolitical risk and real yields remains the primary driver for bullion's near-term trajectory.