Rise in Gold Prices; Each Gram of Gold Reaches 3,928 Lira

The price of each gram of gold in the Turkish market has started the day on an upward trend again today, reaching 3,928 lira. Yesterday as well, in parallel with the rise in global gold ounce prices, the price of gram gold in Turkey increased by 2.9% to finish the day at 3,872 lira.

Today, too, gold started the day with a price increase, and as of 10:10 a.m., it has reached 3,928 lira with a 1.5% rise. At the same time, the quarter gold coin is being sold at 6,630 lira and the Republic gold coin at 26,010 lira.

Record-Breaking Gold Ounce Price in Global Market

The price of gold ounce in the global market also hit a new record today by reaching 3,220 dollars, and is currently being traded at 3,210 dollars with a 1.1% increase compared to the last closing price.

Donald Trump’s Tariff Policies and Their Impact on the Market

The frequent changes in the customs policies of Donald Trump, the President of the United States, have made decision-making difficult for investors, while at the same time, increasing tensions between the U.S. and China have led to a higher demand for safe-haven assets such as gold.

The U.S. government's tariff policies and their potential effects on the economy remain one of the most important factors of instability in the markets. Although Trump has postponed some tariffs on U.S. trade partners for 90 days, the continuation of the "tariff battle" with China has deepened the uncertainty surrounding the standoff between the world's two largest economies.

Analysts’ Forecasts on Market Trends

Analysts state that there are no major domestic economic data on the calendar today, but internationally, the Producer Price Index (PPI) in the United States and the speech of Christine Lagarde, President of the European Central Bank, are being closely monitored.

From a technical standpoint, the 3,230 dollar level is seen as resistance for the gold ounce, while 3,190 dollars is considered a support level.