Gold Prices Have Reached Historical Peaks

Gold and Silver Rise Wave

Gold price per ounce rapidly gained upward momentum after the U.S. Federal Reserve (Fed) signaled on Wednesday that interest rate cuts would continue. Today, for the first time since October 21, it exceeded the 4,300 dollar per ounce level, reaching as high as 4,313 dollars. This contributed to a 2.6% increase in gold's value over the past week.

Value Increase Recorded This Year

Since the beginning of the year, gold's value increase has exceeded 64%, providing significant gains for investors. Among other precious metals, silver has also exhibited significant growth during this period, trading at 63.78 dollars after a 0.33% increase.

Gram Gold Hits New Record

In Turkey, an important indicator, gram gold has also reached a new peak, seeing a level of 5,908.8 TL. In intra-day trading, gram gold recorded nearly a 1% increase. Analysts suggest that speculative momentum surrounding silver's supply shortage discussions has influenced this rise.

Monetary Policy and Gold Prices

Analysts indicate that gold prices continue to be largely dependent on the outlook of monetary policy and the changes in real yields. They also emphasize that gold retains its property as a 'more realistic barometer' in terms of macroeconomic sensitivity.

Future Predictions

Experts note that the short-term appreciation of gold is largely dependent on whether the dollar will weaken, warning that otherwise, gold's upward potential may remain limited. Investors are advised to monitor these dynamics closely.