Last Week's Highlighted 7 Financial Developments

Volatile Weeks in Global Markets

As gold and silver reached historic record levels in global markets, geopolitical developments also made significant headlines. Domestically, important news regarding Halkbank surfaced. Here are 7 noteworthy headlines from the past week:

1. Gold Made History

Gold surpassed the $4,000 per ounce level, reaching a historic peak. In Turkey, the price of gold per gram was recorded at 5,393.13 TL.

2. U.S. Imposes 100% Additional Tariff on China

U.S. President Donald Trump announced that starting November 1, an additional 100% tariff would be imposed on China on top of the existing tariffs.

3. Employment Issues in Federal Government

In the United States, Russell Vought, Director of the Office of Management and Budget, announced that federal employees were laid off due to the government being closed.

4. Political Restructuring in France

French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister after he resigned from the position.

5. Ceasefire Agreement Approved in Gaza

The Israeli government approved a ceasefire agreement in Gaza in accordance with the plan presented by U.S. President Trump.

6. Fed Minutes Revealed Cautious Approaches

The Federal Reserve's minutes showed that most officials were cautious about further easing policies for the remainder of the year.

7. Erdoğan's Statement on Halkbank

President Recep Tayyip Erdoğan, in a statement made upon his return from Azerbaijan, expressed hope that the process regarding Halkbank would conclude positively. He notably stated, "In our phone conversation with Mr. Trump, he said, 'The problem with Halk Bank is over for us'."